The Australian Bureau of Agriculture and Resources projects that gold production in that country for the year ended June 30, 2002, will be 288 tonnes (9.2 million oz.), versus a previous forecast of 296 tonnes (9.5 million oz.).
The reduction is due to the treatment of lower-grade ore, and the exhaustion of some orebodies.
Meanwhile, a Gokhran official has reported Russian gold production for the first 11 months of the year at 145.8 tonnes (4.68 million oz.), an increase of 7.7% from the corresponding period a year ago. Byproduct and scrap material contributed 11.63 tonnes (374,000 oz.) to the total.
— The preceding is from an information bulletin published by the London-based World Gold Council.
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