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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (7687)	9/5/1999 8:33:00 PM
From: goldsheet	Respond to of 81296

Bob Buchan (Kinross CEO) said one needed to be a 1 million ounce producer to be viable at the time they acquired AMAX. I think he is now saying 2 million ounces of production is the place to be in the current gold market. That's a very exclusive club, which includes gold miners: Anglogold, Goldfields, Newmont, Barrick, Placer, and Homestake and copper miners: Freeport and Rio Tinto. That leaves at least 50 firms producing over 100,000 ounces and under 2Moz. Lots of room and need to consolidate.