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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: jrinvestor who wrote (71663)	6/13/2001 1:38:36 PM
From: lorne	Read Replies (2) of 116795

DJ Russian State Reserve To Buy 40 Tons Gold in 01 - Agency MOSCOW (Dow Jones)--The Russian government's precious metals and gems repository, Gokhran, plans to buy 40 metric tons of gold this year, 15 tons more than in 2000, a Gokhran official told Interfax Wednesday. Gokhran forecasts Russia will produce 147 tons of gold in 2001, up from 142.5 tons last year. Gokhran, arctic mining company Norilsk Nickel (R.NNK) and the Russian central bank, are the only Russian institutions licensed to export gold and platinum group metals. All three are required to export such commodities through the Almazjuvelirexport export agency. -By John Ryan, Dow Jones Newswires; 7095-974-8055; john.ryan@dowjones.com

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