Highland Gold Output
Highland Gold Mining, the fourth-largest gold producer in Russia, said it would produce between 180,000 and 185,000 pounces in 2006.
The Jersey, England-based company produced 91,205 ounces of the metal in the first half, 43 percent more than a year earlier, it said Wednesday in a Regulatory News Service statement. (Bloomberg)
Oil Fund Rubles Converted
The Finance Ministry has converted 400 billion rubles ($14.95 billion) from the stabilization fund into hard currency and placed them on deposit at the Central Bank, the ministry said Wednesday.
The Central Bank had earlier said it would use money from its $262 billion gold and forex reserves for conversion.
Taking converted rubles into account, the fund, which harvests oil revenues and is earmarked to pay down the national debt, had grown to 2.03 trillion rubles ($75.86 billion) as of July 1. (Reuters)
My picks are my own and many times wrong, generally looking 3-6 months out
'A government big enough to give you everything you want, is big enough to take away everything you have.' ........
Thomas Jefferson
