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DJ PRECIOUS METALS UPDATE: Freeport:Too Soon To Count Losses(Comtex Business Via Thomson Dialog NewsEdge)TOP STORIES JAKARTA, Feb 23, 2006 (Dow Jones Commodities News via Comtex) --Freeport: Premature To Quantify Indonesia Output Losses The massive Papua mine of U.S. firm Freeport-McMoRan Copper & Gold Inc. (FCX) remained shut by angry protesters for a second day Thursday, with a company spokesman saying potential production losses are currently difficult to calculate. Jakarta Protesters Vandalize Freeport Office Building JAKARTA (AP)--Students angry at U.S. gold mining giant Freeport-McMoRan Copper & Gold Inc. (FCX) attacked the building housing its offices in Jakarta Thursday as the company's mine in Papua remained shut for a second day due to protests, police and media reports said. Gold Demand Hit Record $53.6 Bln In 2005 - Gold Council NEW YORK (Dow Jones)--Demand for gold rushed to a record level of $53.6 billion in 2005 with the aid of consumers and investors, the World Gold Council - a marketing organization funded by gold mining companies - said in a report released Wednesday. STORIES OF INTEREST: Australia's Newcrest 1H Net A$74.2M SYDNEY (Dow Jones)--Australia's biggest gold producer Newcrest Mining Ltd. (NCM.AU) Thursday reported net profit of A$74.2 million for its first half ended Dec. 31, up from A$51.6 million in the same year-ago period. Anglo American: Platinum demand Strong, Price Supportive LONDON (Dow Jones)--Platinum demand remains strong across the market's main applications and is supportive of firm prices, Anglo American PLC said Wednesday. Anglo Amer To Sell A Portion Of AngloGold Ashanti Shares LONDON (Dow Jones)--Anglo American plc said Wednesday that it intends to sell through a registered offering a portion of its ordinary shares of AngloGold Ashanti in the form of ordinary shares or American depositary shares, as one means of reducing its shareholding in AngloGold Ashanti. Russian Ctrl Bk Reserves Feb 17 $195.4B, Up $1.2B On Wk MOSCOW (Dow Jones)--The Russian central bank said Wednesday that its level of foreign exchange and gold reserves rose to a record high of $195.4 billion in the week ended Feb. 17. Oxus Gold: Ready To Enter Jerooy Talks At Any Time LONDON (Dow Jones)--Oxus Gold PLC Wednesday said it is committed to delivering gold from the Jerooy mine project. Johnson Matthey To Build Russian Autocatalyst Facility LONDON (Dow Jones)--Johnson Matthey said Wednesday that it has signed a Memorandum of Understanding (MOU) with the First Deputy Governor of Russia's Krasnoyarsk Region, and the General Director of the Krastsvetmet Metal Company to secure a brown field site as the first step in a multi-million pound investment to build an autocatalyst manufacturing plant in Russia. MARKETS: NY Precious Metals Review: Gold Steady After 'Mixed' CPI Gold futures finished with little change in New York Wednesday after the January Consumer Price Index was described as "mixed" for the metal, analysts said. Prices initially fell but gradually recovered. China Spot Gold Ends Slightly Up On Spec Buying SHANGHAI (Dow Jones)--Spot gold traded on the Shanghai Gold Exchange closed slightly higher Wednesday on speculative buying by commercial banks. -By Glenys Sim, Dow Jones Newswires; 65-6415-4083, [email protected] (END) Dow Jones Newswires 02-23-06 0016ET |