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


To: Enigma who wrote (38195)8/2/1999 9:46:00 AM
From: lorne  Respond to of 116900
 
SA calls off
gold sale roadshow

THE proposed tour of European capitals by African mining ministers to protest against central bank gold sales has been cancelled.
Minerals and Energy Minister Phumzile Mlambo-Ngcuka said African mining ministers have adequately voiced their concerns at meeting of 71-developing countries in Brussels last week.
The two-day meeting of African, Caribbean and Pacific (ACP) ministers issued a statement on Wednesday calling for a moratorium on central bank gold sales pending study of a "central mechanism" to permit orderly gold sales.
"We were able to discuss all the issues which we would have taken on a [European] tour. It would be overkill," Mlambo-Ngcuka said late on Friday after visiting the Mponeng mine near Johannesburg where a gas explosion killed 19 miners late on Thursday.
South Africa originally planned a mission to London and other European capitals after Britain's first auction of gold reserves on July 6 sent bullion prices tumbling to 20-year lows.
But the tour was postponed while South Africa gathered support from other African gold producing countries like Ghana, Mali and Tanzania.
In the interim, a separate delegation of South African gold executives and union leaders had travelled to London to plead the industry's case. But they failed to shift the British government's thinking on its plan to cut its gold reserves by 415 tons over the next few years.
South Africa's gold mines are struggling to cut costs in the face of weak gold prices, which if they persist, could threaten 100 000 direct and indirect mining jobs.
Aside from the UK sales, proposed gold sales by Switzerland and the International Monetary Fund have also raised fears among gold producers of a further drop in bullion prices.
The ACP statement urged "that a moratorium be placed on all official sector gold sales until a representative forum is speedily established to explore a central mechanism that can be put in place to ensure that gold sales take place in a structured and orderly manner..." -- Reuters
mg.co.za



To: Enigma who wrote (38195)8/2/1999 12:15:00 PM
From: long-gone  Respond to of 116900
 
Did I say there might be an official Catholic position against gold mining:

Monday July 12,1999
NEWS RELEASE
Columban priests and sisters lobby Rio Tinto to drop mining claim
On Monday July 12 at 3.00pm the Missionary Society of St. Columban will deliver over 3,000 postcards to Rio Tinto plc, the world's largest mining company, at their London headquarters, asking them to drop their claim over some 600,000 hectares of mostly ancestral domain lands of the Subaanen tribal people in Mindanao, the Philippines. The cards, signed by Columban supporters, will be received by Robert Court, personal assistant to Chairman Robert Wilson, and Professor Glyn Cochrane, the company anthropologist.
Columban missionary priests will be joined by RockRock Antequisa, the Filipino former head of the Tri-Peoples-Development non-governmental organisation which is based in Mindanao, and a member of the DIOPIM* Committee on Mining; Sr Ann Carbon, a Columban sister who works with the Subaanen; Sr Marie Power of the Social Justice Desk of the Conference of Religious; and Geoff Nettleton of Philippine Indigenous Links and consultant to Survival International, who has just returned from Mindanao.
From 3.00pm onwards there will be a street protest outside the Rio Tinto headquarters. Supporters will be carrying replicas of trees from the rainforest, and a Subaanen house. Catholic priests and sisters will be wearing masks of animals endangered in the Philippines because of deforestation and mining.
Rio Tinto headquarters are at: 6 St. James's Square, London SW1V 4LD.
Further details: Fr Frank Nally on 0171 794 8131 Ellen Teague on 0181 954 6255/0956 317 338 (mobile)
* DIOPIM is the ecclesiastical structure under the Diocese of Ozamis which incorporates five dioceses and prelatures.

columban.com