Gold Profit Of Australian Miner Fell

Australian tantalum and miner Sons of Gwalia Ltd. net profit fell 10% in the fiscal year ended June 30.

The fall was due to significant items, which cut the profit. These items included a partial writedown in the carrying value of the Leonora underground mine in Western Australia.

The writedown was partly offset by $7.7 million profit when the company sold its interest in the Kemberton silica sand project in early 2002.

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&to=http://www.sog.com.au/web/index.htm' target=_blank>Sons of Gwalia Ltd