SOUTH AFRICAN MINING Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SOUTH AFRICAN MINING

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ptaskmaster who wrote (413)	2/19/1999 8:48:00 AM
From: sea_urchin	Read Replies (1) of 472

I did the sums wrong! Anglo gets R1.3bn for its shares, not R600m. bday.co.za Also the right to use Dries infrastructure to start a new ultra-deep mine. "Thompson said the two parties had reached a tacit agreement ensuring that Anglogold could move on Western Ultra Deep Levels from Driefontein infrastructure. Driefontein retains participation rights in Western Ultra Deep Levels." It is this new deep level mine that Anglo was after. Dries was simply the means to that end. Furthermore, Goldfields payment for the Dries shares will pay for that mine, plus whatever. Anglo always wins. I don't think AngloGold will want to come back into Goldfields. I'm sure that was basic to the deal --- Anglo gets out altogether --- and stays out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next