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Tuesday, 04/04/2006 11:47:12 AM

Tuesday, April 04, 2006 11:47:12 AM

Post# of 42640
Bobby Godsell, chief executive of AngloGold Ashanti, predicted that worldwide gold production would stagnate, then fall in the coming years as large deposits of the precious metal become scarce.

in an interview with the FT, Mr Godsell warned that the Gold industry will find it hard to keep up current levels of production. “All of the gold majors are finding it difficult to replace their reserves. New mine production will be flat-to-declining.”

http://news.ft.com/cms/s/b997c8bc-c262-11da-ac03-0000779e2340.html