SI
SI
discoversearch

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 : SOUTHERNERA (t.SUF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: INFOMAN who wrote (1016)4/30/1998 2:37:00 PM
From: GULL   of 7235
 
A bit of a nerve or sound business sense?
An article which appeared in Business Day 24 April 1998.

THE 29 heirs who have laid claim to the mineral rights on the Marsfontein farm in the Northern Province seem to not be terribly impressed by the strength of De Beers' balance sheet or its 60 years in the diamond business. When the time came last week to finalise the sale of their rights to De Beers, they demanded a bank-guaranteed cheque.

Neither De Beers nor NGS Minerals, the company holding the rights on behalf of the heirs to the original owner, a Mr Jordaan, will disclose the purchase price. It is estimated at R70m-R75m by SouthernEra, the Canadian junior which lost out.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News