Geomechanics.io

  • Free Tools
Sign UpLog In
Built byBoxcut Studio

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects

    France pulls last US-held gold: reserve management lessons for project teams

    April 6, 2026|

    Reviewed by Joe Ashwell

    France pulls last US-held gold: reserve management lessons for project teams

    First reported on MINING.com

    30 Second Briefing

    France’s central bank has liquidated its remaining 129 tonnes of gold held at the Federal Reserve Bank of New York, selling the “non‑standard” bars between July 2025 and January 2026 and buying replacement bullion in European markets that meets modern international bar specifications. The transaction generated a €13 billion ($15 billion) capital gain, turning a 2024 net loss of €7.7 billion into an €8.1 billion net profit for 2025, while keeping total reserves unchanged at about 2,437 tonnes now stored entirely in the BdF’s La Souterraine vault. The Bank of France still plans to upgrade a further 134 tonnes of older bars to current standards by 2028.

    Technical Brief

    • Operation covered 129 tonnes of “non‑standard” bars, about 5% of BdF’s total bullion.
    • Bars had been stored with the Federal Reserve Bank of New York since the late 1920s.
    • Repatriation forms part of a programme running for roughly 20 years to upgrade older bars.
    • Decision pathway followed a 2024 internal audit recommendation, formalising timing and execution of the swap.
    • Execution window was tightly defined: sales in New York and purchases in Europe from July 2025–January 2026.
    • BdF explicitly chose sale and repurchase over physical refining and transport, avoiding logistics and custody risks.
    • All 2,437 tonnes are now centralised in the La Souterraine underground vault beneath Paris.
    • Governor François Villeroy de Galhau stressed the move was driven by bar-standard compliance and market liquidity, not geopolitics.

    Our Take

    With 129 tonnes representing only about 5% of the Bank of France’s total gold, the move underscores how even relatively small reserve reallocations can materially swing central-bank P&L, which is relevant for other gold-heavy reserve managers in Europe tracked in our Policy coverage.

    The focus on bringing remaining holdings up to ‘standard’ by 2028 at La Souterraine signals that vault infrastructure and bar-standard compliance are becoming non-trivial technical issues for reserve banks, which can indirectly shape demand for specific bar formats from refiners and large producers in gold-focused jurisdictions like Australia.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    US DOE helium critical materials listing: supply and project signals for engineers
    Policy
    about 7 hours ago

    US DOE helium critical materials listing: supply and project signals for engineers

    The US Department of Energy has formally designated helium as a critical material under the Energy Act of 2020, citing its irreplaceable role in semiconductor manufacturing and rising global supply risk. US helium output remains constrained by limited refining capacity and long permitting despite significant byproduct resources from natural gas fields in Kansas, Texas, Wyoming, Colorado, Arizona, New Mexico and Oklahoma, with Kansas’ Hugoton and Greenwood fields and Texas’ Panhandle-Hugoton and Cliffside systems central to supply. The move signals likely policy support for new processing plants, storage caverns and midstream infrastructure.

    US permitting overhaul: schedule and litigation impacts for mine project teams
    Policy
    1 day ago

    US permitting overhaul: schedule and litigation impacts for mine project teams

    Sweeping bipartisan US Senate permitting reforms tabled on 30 September would expand NEPA categorical exclusions, cap many NEPA lawsuits at 150 days (down from up to six years under the Administrative Procedure Act), and allow multiple mill sites for waste rock and tailings on eligible federal land under a single plan of operations. The bill would also extend maximum NPDES discharge permit terms from five to 10 years and tighten Endangered Species Act consultation timelines, trading longer regulatory certainty against less frequent re‑openers. For mine developers, the package signals potential compression of approval schedules and litigation risk, but its passage and final form remain highly uncertain.

    NSW coal future authority: funding and transition signals for project teams
    Policy
    2 days ago

    NSW coal future authority: funding and transition signals for project teams

    New South Wales has legislated a Future Jobs and Investment Authority with $29.7 million in ongoing funding and a more than $170 million fund to support jobs, investment and economic development in the Hunter, Illawarra, Central West and North coal regions. The body is tasked with managing coal transition impacts on local economies, signalling long-term structural change for coal mining, coal logistics and associated infrastructure in these basins. Geotechnical, civil and mining contractors in these regions should expect more funding channels for diversification projects, rehabilitation works and non-coal industrial developments.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental