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

To: Searey who wrote (45482)	12/2/1999 8:00:00 AM
From: The Ox	Respond to of 116763

From Bridge/CRB: UK official FX, gold reserves fall in Q3 to $32.65 bln London--Dec 2--The UK government's gold and foreign currency reserves held in the exchange equalization account fell in value by US $2.18 billion in the third quarter to $32.65 billion from $34.83 billion, a report issued by the Treasury Thursday revealed. The fall was marginal, however, as on an underlying basis there was a small $2-million increase on end-June. (Story .12857) .................................................................OF INTEREST: TOCOM Precious Metals Review: Gold dips following weak COMEX Tokyo--Dec 2--Tokyo Commodity Exchange gold contracts fell Thursday on weak overnight COMEX and further dips in the Asia spot market, dealers said. Platinum ended mixed after short-covering supported prices following a steady overnight NYMEX, they said. (Story .2192) S Africa's Afrikander Lease pours first bar of gold Johannesburg--Dec 2--South African junior mining company The Afrikander Lease Ltd (AFL) is well on track to produce 158 kilograms of gold per month by June 2000 and is evaluating three further open pit projects with a view to proceeding with one or more of these within the next 12 months. Speaking at a presentation to mark the pouring of AFL's first bar of gold on November 16, chairman and managing director Peter Skeat would not be drawn on details, but said the group would make further announcements in this regard early in the New Year. (Story .10975)Asia Precious Metals Review: Australian sales weigh on gold Tokyo--Dec 2--Selling from Australia depressed spot gold Thursday in Asia after prices declined below the key US $290 per ounce overnight, while short-covering underpinned gold at around $289, dealers said. Spot platinum stayed at around $440 with sluggish trade after prices recovered overnight dips, they said. (Story .2200) FULL: Canada's Franco-Nevada Mining hikes Aber stake to 12.36% Toronto--Dec 1--Canada's Franco-Nevada Mining Corporation Ltd has increased its interest in Aber Resources Ltd. by acquiring an additional 1.0 million s hares to hold 6.7 million shares, or 12.36%, for $8.3 million. Aber Resources shares closed at $8.00 each. (Story .21670)