Randall Oliphant - newly elected Chairman of the World Gold Council and current Chairman of New Gold Inc.

Randall Oliphant – new Chairman of the World Gold Council

The World Gold Council has found a new leader; New Gold (NGD:TSX) Chairman, Randal Oliphant.  Mr. Oliphant succeeds Ian Telfer, the Chairman of Goldcorp who has been the Chairman of the World Gold Council since being elected in September 2010.  Randall Oliphant sits on the board of Franco-Nevada and was, previously, the President and CEO of Barrick (from 1999 – 2003), before becoming the Chairman of New Gold.

“I am taking on the role at a time when gold has a wider significance than ever before across the world. From investments and capital markets, to the rise of the Eastern consumer, gold is at the heart of many societies as they seek to store and protect their wealth. The World Gold Council has been in the vanguard of developing innovative uses for gold, and it is a privilege to accept this role,” stated Mr. Oliphant.

The World Gold Council is the market development organization for the gold industry.  They put out, seemingly, endless research on supply and demand trends and fundamentals (see Q2 Gold Demand Trends report).  There are 23 members who represent the world’s leading producers of the yellow metal and include: Agnico-Eagle, Barrick, Goldcorp, Kinross, New Gold and Yamana.

Here’s the release: Randall Oliphant Elected New Chairman of World Gold Council