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

To: John Hunt who wrote (37337)	7/19/1999 9:36:00 AM
From: lorne	Respond to of 116768

RESERVES DATA IMPLY CANADA SOLD 80,000 OZ GOLD IN LAST WEEK Ottawa--Jul 16--International reserves data published by the Bank of Canada today imply that the central bank sold around 80,000 ounces of gold in the last week. The BOC estima ted its gold holdings to be worth US $535 million, using Thursday 's London PM fix of $253.30 as the basis for its calculation. That implies a holding of 2.112 million ounces, against the previous 2.191 million. (Story .4818) crbindex.com Morning John. Posting this on the new SI Beta system and it did rain. :-(

To: John Hunt who wrote (37337)	7/19/1999 8:20:00 PM
From: John Hunt	Respond to of 116768

Eight South African junior gold companies to merge (Kaplan) Eight South African junior gold mining and exploration companies jointly announced Monday, July 19, 1999 that they are aiming to merge under one group by the end of August 1999. These include Consolidated African, JCI, Western Areas, Randfontein, Randgold & Exploration, Randgold Resources, Barnato, and Free State. Because of its London listing, it is speculated that Randgold Resources might be the takeover vehicle. This continues a pattern of consolidation of South African gold mines amidst the current low gold price. goldminingoutlook.com