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

To: E. Charters who wrote (93628)	2/18/2003 4:56:41 PM
From: goldsheet	Respond to of 116759

AngloGold, one of the world's largest gold miners, is in the process of studying six new deep-level mining projects in South Africa that will be presented to the board for approval in 2003 The six new projects would yield 11m additional ounces of gold to the company's reserves, and were expected to yield 24m ounces over their lives. The projects were possible because of the prevailing high rand gold price, he explained, and these were expected to generate returns of over 20%. Meanwhile, in 2002 AngloGold's brownfields exploration projects had been very successful, with 11.4m ounces added to its reserves at a cost of $160 per ounce. As for its greenfields projects, it was targeting 13m ounces of new production through 2015 at a cost of $130 per ounce Best Regards, Coldwater Johnson FULL: news24.com