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

To: Square_Dealings who wrote (60524)	11/4/2000 2:56:05 PM
From: goldsheet	Respond to of 116779

> I think we are seeing major shakeout in the industry It is taking way too long. I previously mentioned in most other metals (copper, aluminum, nickel, etc.. ) you can name 4 or 5 companies which often account for 50-60%+ of worldwide production. The gold industry is so fragmented it takes the top 20 producing firms (which include 5 copper miners) to get to 50% If you leave out the copper miners, it takes 30 gold miners to produce 50% of world production. With world production at 82moz, 50% would be 41moz, split among 5 firms would be over 8 moz each. Anglogold, the largest, currently does 7.2. A consolidated gold industry would need to have maybe a 14moz producer, along with several at 10 level. Something like Angolgold, Newmont and Barrick each double their curent size.