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MineWeb: Spain's central bank sells another 25 tonnes

Section: Daily Dispatches

By Rhona O'Connell
Tuesday, August 7, 2007

The latest figures from the Bank of Spain show that, after no gold sales cleared during June, gold reserves were reduced by another 800,000 ounces or 25 tonnes during July. This takes the bank's disposals during this current calendar year to 134 tonnes and disposals under the second Central Bank Gold Agreement year-to-date to 4.8 million ounces or 149 tonnes.

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