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

To: goldsheet who wrote (56022)	7/10/2000 6:35:37 PM
From: lorne	Respond to of 116815

Russian bank TIB says bought 8 tns of gold 2000, up 60% on yr Moscow--July 10--The Trust and Investment Bank (TIB) has concluded deals to purchase 8 tonnes of gold from domestic producers this year compared with 5 tonnes in 1999, the Director of TIB's Precious Metals Department, Olga Anikeichik, said Monday. She also said TIB planned to buy "at least the same amount of gold in 2001 as this year," but did not provide the exact figure. (Story .15951) S Africa's Gold Fields said to be in talks on Ashanti assets Johannesburg--July 10--South African gold producer Gold Fields Ltd. is rumored to be in talks with Ghanaian government officials that could see it take control of Ashanti Goldfields' non-Ghanaian assets and its hedge and debt position. Although Gold Fields officials would not comment on the speculation, a source close to the deal told I-Net Bridge that Gold Fields had made proposals to the Ghana government recently and were "very favorably received." (Story .17608) McWatters implements gold hedging program Toronto--July 10--Canada's McWatters Mining on Monday said it has completed two deals that will provide it with C$27 million in long-term financing, which will be used to pay off a current loan and provide a basis for future expansion. McWatters is also spending US$1 million on a hedging program that assures the sale of 70% of its gold production at not less than US$290 per ounce and capping the potential upside when gold prices exceed US$370 per ounce. (Story .15117) crbindex.com