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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (36184)	6/30/1999 12:38:00 PM
From: long-gone	Respond to of 116979

Wednesday June 30, 9:44 am Eastern Time COMEX copper skyrockets early on Phelps Dodge cut NEW YORK, June 30 (Reuters) - COMEX copper futures bolted higher early Wednesday, touching their highest level in eight months on news that Phelps Dodge would cut its copper production by around 68,000 tonnes, leading to a franting round of buying by all quarters of the market. The announcement came on the heels of Broken Hill Proprietary Ltd's decision to close its U.S. copper operations, which accounted for 180,000 tonnes and Highland Valley Copper's labor dispute, which resulted in the shutdown of its 170,000 tonne a year mine in British Columbia. At 0938 EDT, September copper was 74.40 cents a lb, up 2.80 cents, traded between 71.05 and 75.70 cents, with spot July at 73.70 cents, up 2.90 cents.(cont) biz.yahoo.com This should help the gold miners top line, as most are getting some copper credits from refiners.