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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.99

+0.3%

Nov 11 4:00 PM EST

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To: Ken Benes who wrote (55420)	6/28/2000 7:29:00 PM
From: lorne	Read Replies (1) of 116753

Gold miners urged to put mind to investors, not to upping output Paris--June 28--Gold miners are being urged to focus more attention and efforts on providing shareholder value and attracting new investors and spend less time concerned with hedging strategies and new production. Wayne Murdy, President of Newport Mining Corporation, and Placer Dome chief executive Jay Taylor, argued the gold mining industry must deliver competitive returns on invested capital, deliver bottom line growth and ensure sustainable growth if it is to survive in the current "low-price" conditions, Taylor said. (Story .13048 Harmony boss: Further consolidation in gold industry "inevitable" Paris--June 28--The current state of the gold mining industry calls for "significant global rationalization," according to Bernard Swanepoel, chief executive of Harmony Gold Mining Company Ltd. Speaking to delegates at the twenty-third Financial Times Gold Conference, Swanepoel said there was potential for both ore-body and company consolidation in the near term for the industry. (Story .13112) crbindex.com

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