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Article

11 Feb 2005

Author:
Eric Onstad, Reuters

Gold firms oppose IMF gold sale, citing price fall [scroll down]

...Newmont Mining Corp. said it would lobby U.S. officials against the sale of IMF gold reserves to fund debt relief for the world's poorest countries. Mining companies argue that sales of some of the IMF's 103 million ounces of gold reserves would hurt developing countries that depend on export revenue. [also refers to Harmony Gold, AngloGold Ashanti, Gold Fields]