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DJ PRECIOUS METALS UPDATE: Silver ETF Closer To Approval
(Comtex Business Via Thomson Dialog NewsEdge)Mar 21, 2006 (Dow Jones Commodities News via Comtex) --TOP STORIES:
UPDATE: Silver ETF Moves One Step Closer To SEC Approval
The Securities and Exchange Commission has posted an order on its Web site allowing the listing and trading of shares of Barclays Global Investors' iShares Silver Trust on the American Stock Exchange.
Technical Special: Silver Rockets To Fresh 19-Year High
May silver futures on the Comex division of the New York Mercantile Exchange powered to a fresh 19-year high Tuesday, with a front-month contract high of $10.58 an ounce.
German MOF:Buba Independent In Decision On Any Gold Sales
BERLIN (Dow Jones)--The Deutsche Bundesbank is independent in its decision about the possible sale of gold from its gold reserves, the German finance ministry said Tuesday.
STORIES OF INTEREST:
Russia Precious Metal Reserves +330 Tons In 05-Prime-Tass
MOSCOW (Dow Jones)--Precious metals reserves at Russian deposits increased by 330 tons in 2005, compared with 120.9 tons added in 2004, Anatoly Ledovskikh, director of the Federal Mineral Resources Agency, said Tuesday, ITAR-TASS reported.
IFC Still Plans To Sell Stake in Peru Yanacocha Gold Mine
BOGOTA (Dow Jones)--The International Finance Corp., the financial arm of the World Bank, is waiting for the right market conditions to sell part of its stake in the Peruvian Yanacocha gold mine, the largest in Latin America.
African Eagle: Increase On Resource Estimate At Miyabi
LONDON (Dow Jones)--African Eagle Resources said Tuesday that infill and extensional drilling has increased the global resource at the Miyabi Gold Project, Tanzania to 12.4 million metric tons at 1.3 grams per ton gold (g/t).
Chinese Gold Producer Zhaojin Plans HK IPO - Sources
HONG KONG (Dow Jones)--Chinese gold producer Shandong Zhaojin Mining Co. is planning a mid-year initial public offering in Hong Kong, people familiar with the situation said Tuesday.
BDI Mining Corp Intersects Gold At Woodlark Island
LONDON (Dow Jones)--BDI Mining Corp said Tuesday that the Woodlark Island step-out drilling intersected broad zones of gold mineralization.
ECB Gold Reserves -EUR107M,Forex -EUR100M In Wk To Mar 17
LONDON (Dow Jones)--The Eurosystem's reserves of gold and gold receivables decreased EUR107 million to EUR163.182 billion in the week ended March 17, the European Central Bank said Tuesday.
AIM Resources: Mokopane Project Gets Govt Approval
LONDON (Dow Jones)--AIM Resources said Tuesday that it has received notification from the Directorate Mineral Regulation: Limpopo Region of the Department of Minerals and Energy, confirming that the minister has approved the granting of an application for a conversion of an old order prospecting right to a prospecting right for the areas referred to as the Mokopane Nickel Platinum project.
Glamis Gold In Definitive Pact To Buy Western Silver
Glamis Gold Ltd. (GLG) said Monday it signed a definitive agreement to acquire Western Silver Corp. (WTZ).
Russia's Polyus Gets 10-Ton 2006 Gold Export License
MOSCOW (Dow Jones)--Russia's Polyus (POLGOLD.YY) gold mining company has received a license from the economic development and trade ministry to export 10 metric tons of gold in 2006 under direct export contract with Credit Suisse.
FOCUS: Gold, US Dollar Relationship Back In Vogue
NEW YORK (Dow Jones)--As much as gold has gained momentum amid the recent commodity boom, the impassioned buying spree appears to be cooling while the yellow metal reaffirms its traditional inverse relationship to the U.S. dollar.
MARKETS:
NY Precious Metals Review: Silver Bolts To 19-Yr High
NEW YORK (Dow Jones)--News of a formal nod on the partial approval of a much anticipated silver exchange-traded fund by the U.S. Securities and Exchange Commission sent Comex silver futures to a fresh 19-year high on Tuesday at the New York Mercantile Exchange.
China Spot Gold Ends Sharply Dn On Profit-Taking
SHANGHAI (Dow Jones)--Spot gold traded on the Shanghai Gold Exchange closed sharply lower Tuesday, as profit-taking was sparked by a drop in international gold prices during Asian trading hours.
-By Allen Sykora, Dow Jones Newswires; 541-318-8765; allen.sykora@dowjones.com
(END) Dow Jones Newswires
03-21-06 1525ET
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