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


To: Ken Benes who wrote (84150)4/3/2002 10:34:24 AM
From: long-gone  Respond to of 117064
 
Be damn lucky if 300 holds -
This is what gold really fights
Gold's fight against activism: a rebuttal to Oxfam America

By: Tom Butler, Gary Mead & Matthew Turner


Posted: 2002/04/03 Wed 09:13 | © Miningweb 1997-2002


LONDON – In October 2001 Oxfam America published "Extractive Sectors and the Poor"1, written by Michael Ross, a member of the Department of Political Science at the University of California2. This report is couched in terms of being an objective academic analysis, but its sub-text is a determination to add intellectual weight to the anti-corporate global lobbyist movement. This Oxfam report is the latest in a series of attacks on mining and mineral exploitation by non-governmental organisations (NGOs). Another example appeared in July 2001, when Friends of the Earth published a position paper called Phasing Out Public Financing For Fossil Fuel and Mining Projects (downloadable from the website www.foe.org/international). In part, this growing wave of anti-mining (specifically, anti-gold mining) research and analysis stems from a paper published by the University of Michigan in December 1997, and co-authored by a Federal Reserve employee (in a private capacity). This paper (updated in 2000) – "Can government gold be put to better use?
(cont)
m1.mny.co.za



To: Ken Benes who wrote (84150)4/3/2002 5:11:08 PM
From: Greg Ford  Read Replies (1) | Respond to of 117064
 
What is the definition of unhedged - it sure isn't Newmont with 9 million ounces with a negative value of about $500 million at a gold price of $300.

Give me Barrick, Anglo or Placer any day.

Greg