Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: cool who wrote (21697)	10/15/1998 9:02:00 AM
From: cool	Respond to of 116753

(COMTEX) B: Brazilian gold reserves increase B: Brazilian gold reserves increase The Brazilian gold reserves totalled 1,900 tons in 1997, 200 tons more= compared with 1996, disclosed the Ministry of Mines and Power. The country's gold reserves are mainly present in Minas Gerais (58%), Para= (22%), Mato Grosso (9%), Goias (4%) and Bahia (4%). The country's share of the world's gold reserves fell from 4.15% in 1996 to 3.6% in 1997, while= its share of the wold's production fell from 2.6% to 2.39% over the period.= Brazil is presently ranked 10th in the world. The Brazilian gold production= was estimated by the national mineral department DNPM (Departamento= Nacional de Producao Mineral) at 58.5 tons in 1997, a 2.5% decrease= compared with 1996. Mining companies extracted 41.06 tons out of the 1997= production. CVRD produced 17.96 tons of gold in 1997, down from 18.01 tons= in 1996. It forecasts a production of 18.2 tons for 1998. It mainly exports= to Switzerland, England and the USA. Morro Velho, owned by Anglo American,= increased its gold production from 7.4 to 8.3 tons between 1996 and 1997.= Rio Paracatu Mineracao, owned by RTZ and TVX Gold, decreased its production= from 5.15 to 5 tons over the period.=20 -0- Source: Gazeta Mercantil Page: A-4 Date: September 17, 1998 Country: Brazil Product: Gold & Silver Ores Company: DNPM ; CVRD ; Morro Velho ; Anglo American ; Rio Paracatu Mineracao= ; RTZ ; TVX Gold Event: Mineral Reserves; Production SABI (South American Business Information) * end of story *