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 : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (2732)	10/29/1998 9:07:00 AM
From: Dave R. Webb	Read Replies (3) \| Respond to of 4066

A bit of news I came across today.. Mongolia to Produce 10 Tons of Gold in 1998 Xinhua 29-OCT-98 ULAN BATOR (Oct. 29) XINHUA - Mongolia is expected to produce over 10 tons of gold this year, two years ahead to fulfill the government's exploitation target, a news report said here Thursday. Under a government plan, gold production is scheduled to reach 10 tons in the year 2000, a senior official of the Agriculture, Livestock Breeding and Industry Ministry was quoted by the newspaper Thursday as saying. However, in light of the current exploiting speed, the production will be more than 10 tons this year, 17 tons in 2000 and 20 tons in 2001, said the official. Experts say the reserves of the discovered gold mines in Mongolia would be over 1,300 tons. The country produced 8.9 tons of gold last year, or 48 percent more than that of 1996. The government has also planned to be among the 20 top gold producers in the world in the 21st century, said the report.