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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (709)	8/21/2001 5:39:49 AM
From: craig crawford	Respond to of 1643

apparently like victor you have nothing relevant to add to the thread. i can accept differing views but i will not tolerate people who clutter up the thread with useless taunts and blather. goodbye to the both of you.

To: Davy Crockett who wrote (709)	8/21/2001 6:30:49 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Gold output on a slide as mines close theage.com.au By JANE COUNSEL Monday 20 August 2001 With gold exploration failing to match the high rate of output in recent years, the decline of Australia's $5 billion gold industry is set to accelerate over the next year, a leading industry group has warned. Melbourne-based mining consultants Surbiton Associates said that in the next year the amount of gold production lost to mine closures would be greater than production from new discoveries. "The Australian gold mining industry has done a remarkable job in maintaining overall gold output in the past few years," said Surbiton Associates director Dr Sandra Close. "However, closures over the next year will begin to bite." Surbiton's latest quarterly survey has revealed a 1 per cent fall in Australian gold production for the year to June 30. Gold production fell to 296 tonnes over the year. In the June quarter alone, output fell 3 per cent over the year before. Some of Australia's biggest gold mines are at the end of their life. In recent years, the falling spot gold price has weakened revenue for miners, forcing them to abandon the search for new gold deposits in favor of smaller-scale exploration work on existing operations