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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: goldsheet who wrote (3452)10/26/2002 11:22:45 AM
From: IngotWeTrust  Read Replies (1) of 4051
 
50+% increase in gold production: Bob did you catch this?

Gold: News: Russian metals giant Norilsk Nickel <GMKN.RTS> said on
Thursday it had acquired 100 percent of shares in the country’s largest gold
producing company, ZAO Polyus. "The acquisition of ZAO Polyus marks one
of the stages of Norilsk’s development in the framework of its diversification
strategy aimed at strengthening the company’s positions on non-ferrous and
precious metals markets," a Norilsk statement said. ZAO Polyus Mining
Company, based in Siberia’s Krasnoyarsk region, produced
16 tonnes of gold in 2001.

Norilsk said this year that Polyus output was
expected to rise to 25 tonnes. "As a result of the ZAO Polyus acquisition,
Norilsk Nickel has become the largest gold producer in Russia with its share
of domestic gold production exceeding 15 percent," the statement said
(Reuters)
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