It was a stellar 2023 for unhedged Aussie gold miners. Auric Mining was one small player to achieve a gold price that would have been unthinkable a year ago.
Easy to smuggle and sell virtually anywhere,gold continues to fund armed conflict in Africa and child labour in Australia’s region.
Gold Corp has entered into an “enforceable undertaking” with AUSTRAC which sets in stone a requirement for the organisation to remediate its anti-money laundering compliance.
WA Mines Minister Bill Johnston used question time in parliament to launch the blistering tirade at Liberal Senator Dean Smith.
Perth Mint boss Jason Waters has exited the job just 12 months after taking it on,leaving the trouble-plagued state-owned enterprise to helm Perth Airport.
The heated exchange capped off a fiery week of budget estimates hearings.
Minister Bill Johnston said the government was not currently looking to sell the Gold Corporation or the mint,but it would be one of the options considered by the commercial advisors appointed by the Department of Treasury.
The London Bullion Marketing Association has completed a review of the Perth Mint’s operations.
We’re just perplexed by you,the premier and the mint’s board trying to suggest that a deliberate program to breach the explicit terms of a gold supply contract is anywhere close to being acceptable.
Opposition Leader Shane Love said Premier Mark McGowan and the mint’s responsible minister were compromised in their decision to not hold a state-based commission due to questioning they would face.
Tech giant Trovio,which has been issuing the “Perth Mint Gold Token” since 2019,has prematurely torn up its contract with the organisation.