World Gold Council
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| World Gold Council | |
| |
| Founded | 1987 |
|---|---|
| Headquarters | London |
| Products | Gold related products |
| Key People | Ian Telfer Chairman, Aram Shishmanian Chief Executive Officer |
| Web site | www.worldgoldcouncil.org |
| Releases | Organization News |
The World Gold Council ("WGC") is the U.K.-based market development organization of the gold industry, including global gold mining companies responsible for over 60 percent of corporate gold production.[1]
In addition to using its influence to contribute to the development of the gold mining industry, the World Gold Council also works to develop insights into the future role that gold can play, and to increase and sustain the demand for gold in the investment, technology, and jewelry sectors. The WGC's Government Affairs team works with policymakers and influencers globally, such as central bankers, politicians, regulators, academics and the financial services industry, providing research and opinions on the gold market.[2]
The World Gold Council is also a leading industry resource for data and opinion on world-wide gold demand. It puts out a number of quarterly publications that examines trends in gold demand and industry analysis on gold price performance, including the Gold Investment Digest, and Gold Demand Trends, as well as many other special reports.[3]
History[edit]
The WGC was founded in 1987, formed by an association of gold producers in the US, Australia, Canada, South Africa, Fiji, Brazil, and Japan.[4]
Recent News[edit]
The World Gold Council has been working closely with the Industrial and Commercial Bank of China (ICBC) in order to develop new gold investments for the Chinese market.
- In December of 2010, the World Gold council and the ICBC launched the ICBC Gold Accumulation Plan (ICBC GAP) for Chinese investors, in an effort to enhance the current gold investment market in China. The ICBC GAP enables retail investors to accumulate gold through a daily dollar averaging scheme over a long period of time.[5]
- In February of 2011, the World Gold Council, along with the ICBC launched the first physical gift investment bar in China, called the 'Only Gold Gift Bar', developed to serve as both an investment and a gift, to meet the emerging trend in China for gold gifting.[6]
Products and Services[edit]
The WGC is the organization behind the development and promotion of the gold exchange traded fund, SPDR Gold Shares, listed under the acronym of "GLD." GLD is the second largest ETC in the world across all fund categories with over $65 billion in assets under management.[7] The fund's inception date was November 12, 2004.
SPDR Gold Shares is listed on NYSE Arca.[8]
Membership[edit]
The World Gold Council has 21 members who include gold mining companies headquartered around the world.[9]
They also have associate members, including Hutti Gold Mines Co Ltd, Royal Gold Inc., China Gold Group Corporation and Mitsubishi Materials Corporation.
The 21 members include:
- Agnico-Eagle Mines Ltd
- Alamos Gold Inc.
- AngloGold Ashanti
- Barrick Gold Corp.
- Buenaventura
- Coeur d’Alene Mines Corporation
- Eldorado Gold Corporation
- Franco-Nevada Corporation
- Goldcorp Inc.
- Gold Fields Limited
- Golden Star Resources Ltd
- IAMGOLD Corporation
- Kinross Gold Corporation
- New Gold Inc.
- Newmont Mining Corporation
- Primero Mining Corporation
- Yamana Gold Inc.
Key People[edit]
- Ian Telfer, Chairman
- Aram Shishmanian, Chief Executive Officer
- Albert L. H. Cheng, Managing Director, Far East
- Jeanette Gooding, Director, Operations
- Marcus Grubb, Managing Director, Investment
- Dr Richard Holliday, Director, Technology
- Robin Lee, Chief Financial Officer
- George Milling-Stanley, Managing Director, Government Affairs
- Ajay Mitra, Managing Director, Middle East and India
- Jason Toussaint, Managing Director, Investment
- David Lamb, Managing Director Jewellery
- Matt Graydon, Director Corporate Communications
- Juan Carlos Artigas, Investment Research Manager
- William Rhind, Chief Executive Officer of World Gold Trust Services, a WGC subsidiary
References[edit]
World Gold Council's LinkedIn page.
- ↑ About us. World Gold Council.
- ↑ Government Affairs. World Gold Council.
- ↑ About gold. World Gold Council.
- ↑ Producers team up to promote gold. The Sydney Morning Herald.
- ↑ World Gold Council and ICBC launch first gold accumulation plan in China. World Gold Council.
- ↑ World Gold Council and ICBC launch first physical gift investment bar in China. Frontier India.
- ↑ Creating Value. World Gold Council.
- ↑ SPDR Gold Shares. SPDRGoldShares.com.
- ↑ Members. World Gold Council.