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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (56191)	1/30/2008 3:11:20 PM
From: marcos	Read Replies (1) \| Respond to of 78411

His stated reason for not releasing data normally, over and above SEC regs, is that doing so has led to nuisance phone calls in the past ... this was during Hommelpumpen days i believe [but am not certain] ... well if that's how things work, and phone calls can spur him to inaction, perhaps they could, if persistent and frequent enough, inspire him back to action We're going to miss your news, LC ... though, it seems that quitting hasn't slowed down your flow completely -g- ... [for those who don't know it, LC has made this a highly useful resource] - Subject 57070 'Canada's Barrick Gold Corp. is so concerned about the worldwide shortage of the giant tires it needs for its massive mining trucks and loaders that it is lending a Japanese tire maker $35-million (U.S.) to help it finance a plant expansion. Barrick, the world's largest gold miner, said Wednesday that it is lending the money to Yokohama Rubber Co. Ltd. as part of a 10-year agreement to secure the supply of “potentially more than $200-million” worth of off-the-road tires, at the rate of some 1,300 tires a year starting in 2009. The tires retail for as much as $60,000 apiece, but the global shortage has seen them sell for as much as $300,000 each in Internet auctions, according to Barrick. (That's the equivalent of more than 325 ounces of gold at today's price of $920 an ounce.) Yokohama will use the loan to help finance a $50-million expansion of its Onomichi plant, near Hiroshima, including a new building, production line and related equipment, the mining company said in a news release. The tire maker also will deliver the tires directly to Barrick's mines and provide technical assistance to each site to make sure the tires being used there will have the proper rubber compound, tread pattern and so on....' theglobeandmail.com