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

To: long-gone who wrote (47500)	1/26/2000 8:44:00 AM
From: lorne	Read Replies (1) \| Respond to of 116841

Russian CBR bought 100 tonnes of gold from home banks in 1999 Moscow--Jan 26--The Central Bank of Russia bought about 100 tonnes of gold from domestic commercial banks in 1999, Head of the CBR's gold and precious metals division Sergei Kyshtymov said Wednesday. Kyshtymov also said the CBR planned to buy all gold offered to the CBR by domestic commercial banks (which buy gold directly from gold-miners) this year. He said he expected Russian banks to buy over 70 tonnes of gold from domestic gold-miners in 2000. (Story .11128) Japan's prelim gold, copper, aluminum imports up on year in December Tokyo--Jan 26--Japan's customs-cleared imports of non-monetary gold rose 24.2% on year in December to a preliminary 12.8 tonnes, while non-monetary gold imports in 1999 totaled 108.5 tonnes, up 26.0% on year, the Ministry of Finance announced Wednesday. Imports of copper and its alloys rose by 35.8% on year in December to a preliminary 23,427 tonnes, imports of aluminum and its alloys also rose 39.0% to 261,723 tonnes, the ministry said. (Story .2207) FULL: Ashanti Q4 gold output of 437,178 oz. achieved at $190 ounce New York--Jan 25--Ashanti's fourth-quarter gold output reached 437,178 ounces achieved at a cash operating cost of $190 per ounce which is about a 10% reduction from the year earlier. --Stephen B. Adler, Bridge News (Story .21740) Newmont's Hansen expects to see higher gold prices this year New York--Jan 25--Newmont Mining Corp chief financial officer Bruce Hansen said that he is expecting gold prices to be higher this year than they were in 1999. While US-based Newmont, the world's third largest gold producer, does not gen erally forecast prices, Hansen told Bridge that he does not expect gold to revisit the 20-yea r low of $253.80 per ounce COMEX hit on Jul 20 last year. (Story .21743) crbindex.com