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Meet Roman Abramovich

MOSCOW, April 28 (Reuters) - Highland Gold Mining Ltd, a Russian miner part-owned by billionaire Roman Abramovich, swung to a net profit of $18.1 million in 2007 after selling more gold at higher prices and divesting a loss-making mine.

Highland (HGM.L: Quote, Profile, Research), which produced 3 percent of Russia's gold last year, said on Monday it would keep output steady this year at its single operational mine before launching production from a lead-zinc deposit in the fourth quarter and two further gold projects in 2010.

Highland's London-listed stock, which has leaped from lows around 75 pence seen six months ago, was up 3 percent at 194p by 1117 GMT.

"It's a pretty interesting investment story, but it's a story not without risk," said Troika Dialog mining analyst Mikhail Stiskin.

Highland said in a statement its 2007 profit reversed the previous year's net loss of $94.9 million.

Chairman James Cross said Highland benefited from its policy not to hedge sales as gold prices rose. Turnover on the 150,427 ounces sold in 2007 was $112.1 million, up from $92.0 million a year earlier, and its average sales price was $708 per ounce.

Highland, Russia's fifth-largest gold miner last year, operates the Mnogovershinnoye mine near Russia's Pacific coast and is developing several other projects. The company increased total capital expenditure 76 percent to $68.6 million last year.  Continued...

Meet people at Crush or Flush.
Meet people at Crush or Flush.

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Meet Jeremiah Wright

BARACK Obama says he is outraged at "destructive" comments made by his former pastor, rejecting his friend of 20 years as his White House bid wobbles.

In his most steely comments yet on the controversy, Senator Obama said he was saddened and angry, a day after fiery pastor Jeremiah Wright held forth at a combative news conference in Washington.

"I am outraged by the comments that were made and saddened over the spectacle that we saw yesterday," Senator Obama told reporters today in North Carolina, which, along with Indiana, holds its Democratic primary next week.

"I have known Reverend Wright for almost 20 years. The person I saw yesterday was not the person that I met 20 years ago," Senator Obama said of a man who conducted his marriage and christened his two daughters.

"His comments were not only divisive and destructive but I believe they end up giving comfort to those that prey on hate.

"I believe that they do not portray accurately the perspective of the black church."

"They certainly don't portray accurately my values and beliefs.

"If Reverend Wright thinks that is political posturing, as he put it, then he doesn't know me very well.

"Based on his remarks yesterday, then I might not know him as well as I thought either."

The Illinois senator, battling Hillary Clinton for the Democratic nomination, also noted that he had given Mr Wright "the benefit of the doubt" by refusing to disown him in a major speech on race in Philadelphia.

Mr Wright rocked the Democratic race when videos of his inflammatory sermons appeared on YouTube and were picked up by US cable television stations.

In one incendiary video, Mr Wright said black citizens should not sing God Bless America but "God Damn America" over their treatment by whites.

He also said that the September 11 attacks in 2001 were a payback for US foreign policies overseas.

Yesterday, Mr Wright denounced the controversy around his comments as an attack on the black church.

"This is not an attack on Jeremiah Wright. It has nothing to do with Senator Obama. It is an attack on the black church by people who know nothing about the African-American experience," he said at Washington's National Press Club.
 
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Meet Hillary Clinton.

HILLARY Clinton has weighed in on Democratic foe Barack Obama's latest bid to end a row over his former pastor, branding Reverend Jeremiah Wright's comments "outrageous" and "offensive".

Senator Clinton was gearing up for her next White House nominating clashes with Senatorm Obama in Indiana and North Carolina next week, and made her most expansive comments yet on the affair, which erupted again this week.

"Well, I take offence," Senator Clinton said when asked about Rev Wright's comments in her first interview with Fox News Channel's host Bill O'Reilly, who has been a fierce critic of Democrats.

"I think it's offensive and outrageous. I'm going to express my opinion, others can express theirs," Senator Clinton said in excerpts of the interview published on the Fox website.

"It is part of just, you know, an atmosphere we're in today," Senator Clinton said, in the interview taped today in Indiana.

Senator Clinton has previously said she would not have remained as a member of Rev Wright's church in Chicago, had she heard such incendiary statements.

In a surprise news conference yesterday, Senator Obama said he was outraged by Rev Wright's comments, and cast loose his friend of 20 years in a bid to mend damage to his White House hopes at a key moment of the campaign.

Among his fiery sermons, Rev Wright once claimed AIDS was a racist government plot and suggested after the September 11 attacks that blacks sing "God Damn America".

"I have known Reverend Wright for almost 20 years," he said of the man who conducted his marriage and baptised his two daughters, a day after Rev Wright spoke to reporters in Washington.

"The person I saw yesterday was not the person that I met 20 years ago."

Senator Clinton was also asked in the interview about the conventional political wisdom that she is a polarising figure.

"Well, I've been around a long time. I bear a lot of the scars, ideological and political battles, I stand up for what I believe in," she said.
 
Meet people at Crush or Flush.
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Meet Barak Obama

Obama hurt by furor over ex pastor: polls

Wed Apr 30, 2008 10:01pm EDT
 
 By JoAnne Allen

WASHINGTON (Reuters) - Democratic presidential candidate Barack Obama's loss in the Pennsylvania primary and the political firestorm over his former pastor have cut into his lead over rival Hillary Clinton among Democratic voters, according to polls released on Wednesday.

According to a New York Times/CBS News poll, 51 percent of Democratic voters now say they expect Obama to win their party's nomination. That's an 18 point-slide from a month ago when 69 percent said they expected Obama to take on Republican John McCain in the November presidential election.

The latest survey found that 48 percent of Democrats believe Obama, an Illinois senator, has a better chance of beating McCain than Clinton, a New York senator, versus 56 percent a month ago.

The poll was conducted Friday through Tuesday, before Obama strongly denounced his former pastor, Rev. Jeremiah Wright, for making racially charged comments that roiled the Illinois senator's presidential campaign.

Obama's campaign was engulfed by the Wright controversy after a nearly 10-point loss to Clinton in the Pennsylvania primary early this month.

The Times/CBS poll also found that Democrats see no early end to the Obama-Clinton battle. About 70 percent of Democratic voters predict that their party's nominee will not be decided before the convention, the newspaper said.

A majority of Democrats also said the protracted primary race will eventually hurt the Democratic Party's chances against McCain, the Republican senator from Arizona, in the general election.

The nationwide telephone poll was conducted with 1,065 adults and has a margin of error of plus or minus 3 percentage points over all, and plus or minus 5 percentage points among Democrats alone.

A new NBC News/Wall Street Journal poll found that some voters feel McCain better reflects their values than the Democratic candidates.

Fifty-four percent of respondents said that they identify with McCain's background and his set of values, compared with 35 percent who didn't feel that connection.

In the survey, 45 percent said they identify with Obama's values, down 5 points from last month when 50 percent of voters said they identified with his background and values, versus 39 percent who did not.

The decline seems to suggest that the cover over his former pastor his comment about "bitter" small-town America clinging to guns and religion have had a negative impact, NBC said.

On the background/values question, Obama's score fell among small-town/rural voters from 46 percent support to 31 percent. Among elderly voters, Obama dropped from 52 percent identifying with his values to 36 percent.

The poll of 1,006 registered voters was conducted from Friday through Monday and has an overall margin of error of plus-minus 3.1 percentage points.
 
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Meet young people at Crush or Flush

Do you think you can meet people at Crush or Flush and discuss political topics with them/

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