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Cluff Gold signs new deal with Samsung

Cluff Gold Company said it signed a memorandum of understanding for a long-term calculated partnership with Samsung C&T Corp, which will start with a US$20 million capability in return for mining equipment gold off-take. The US$20 million will be drawn instantly and go towards the company’s stability sheet, whilst make sure Cluff’s Sega project in…

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metals

Mining News – Barclays started new valuable metals vault

British bank Barclays release its first precious metals vault on the border of London that provide to institutional investors, sovereign-wealth funds, central banks and commercial banks. The burial chamber, which houses gold, silver, platinum, palladium and rhodium and began working earlier this month, is one of Europe’s largest. Jonathan Spall, product manager for metals at…

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