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

To: long-gone who wrote (93597)	2/16/2003 2:41:05 PM
From: goldsheet	Read Replies (1) \| Respond to of 116759

Part of the old legislation was requirements to sell gold production to only the Russian central bank, but this has been changed and gold now gets exported. Still there have been more than a few problems (Kinross/Kubaka Pan American/Dukat), but it has not stopped folks from investing (Bema/Julietta, Peter Hambro, etc....) After bottoming in 97/98 near 100mt, Russia has moved up to 150-160 metric tonnes so they must be doing something right. With Norlisk buying the top gold producer and investing serious money 300mt looks like a reasonable target. I would make Russia 3rd largest producer (1=RSA@390, 2=USA@350, 4=AUS@275) Watch out for China, it is coming up strongly and produces more gold than Canada !