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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: Bobby Yellin who wrote (29069)	2/26/1999 8:37:00 AM
From: lorne	Read Replies (1) of 116753

Hong Kong--Feb 26--China's 1999 gold production growth is seen falling to 1.5% from 1998, compared with an annual growth rate of 10% over the past quarter century, the official Xinhua News Agency today quoted Liu Shanen, deputy director of the Gold Economic Development Research Center, as saying. Weak demand from the government to use gold as part of the country's monetary reserves and perennial mining technology at many small mines are blamed for the fall. China plans to produce 175 tonnes of gold in 1999 compared with 1998's 172.8 tonnes, Xinhua said. Bridge News, Story .10763 crbindex.com

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