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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 398.52-4.4%Dec 29 4:00 PM EST

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To: Eva who wrote (358)10/22/2003 12:48:36 PM
From: bigbuk   of 29622
 
PMZ calandra fyi :)

MINING RESOURCES

On the resources front, you could smell the copper and gold dust over
the roast pork at this industry feast. China's rising need for raw
materials such as iron ore, alumina, copper, platinum, zinc and gold is
leading some economists and miners to fear commodity prices will surge
in coming years because of a lack of supply and because of poor or
expensive shipping routes via sea to China.

"I think you can expect that natural resources are at the top of their
agenda," Huang Jichun, a retired deputy chairman of China Non-Ferrous
Metals Corp., told me about the two leaders.

A growing number of Canadian mining companies, including the feisty
Pacific Minerals, are staking claims to mineralized tracts of China,
Inner Mongolia and Mongolia in what appears to be a successful search
for copper and gold. If some of their assays prove to be as successful
as the enormous copper and gold discovery staked out by Canada's Ivanhoe
Mines (IVN) in Mongolia's Gobi Desert, several Canadian miners will have
the instant advantage of being connected to China by rail and highway.

I'll have more next week in

The Calandra Report
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