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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

Dec 22 4:00 PM EST

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To: Alex who wrote (56212)	7/13/2000 11:13:01 PM
From: lorne	of 116820

Zimbabwe's Venice gold mine suspends operations Harare--July 13--Luxembourg-based Falcon Gold said on Thursday it was putting its Venice mine about 150km west of Harare, Zimbabwe, into mothballs because of the economic crisis gripping the country, the South African Press Association reported. It is the fourth gold miner to suspend operations in Zimbabwe this year. (Story .18266) Major Zimbabwe gold producer might shut by September Harare--July 13--One of Zimbabwe's three biggest gold mining groups said Thursday it will have to stop all operations if there is not a 50% devaluation in Zimbabwe's currency within the next two months. A pegged exchange rate at a time of soaring costs has forced Falcon Gold to close its Venice mine temporarily, leading to overall production falling by 20 kilograms a month. (Story .18243) crbindex.com

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