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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Peter Bourgeois who wrote (2402)2/3/1999 11:52:00 AM
From: PHILLIP FLOTOW   of 7235
 
Peter,
News from SUF today:

Attention Business Editors:

SouthernEra Welcomes New Partners at Marsfontein

TORONTO, Feb. 3 /CNW/ - SouthernEra Resources Limited (SUF-TSE) is
pleased to announce its support for the initiative by De Beers Consolidated
Mines Ltd. to include a South African based Black Empowerment Group as their
Partner on the Marsfontein Joint Venture. On January 29, 1999 Investec Bank
Limited of South Africa announced that De Beers has agreed to sell a portion
of its interest in the Marsfontein Joint Venture to a South African based
group of Black Economic Empowerment Partners.
The Marsfontein project is currently held 60% by De Beers and 40% by
SouthernEra.
The new transaction will see De Beers transfer its 60% interest in the
Marsfontein Joint Venture into a new company (Newco) effective January 1,
1999. A 49% interest in Newco will then be sold to the Black Empowerment
Partners. The transaction does not affect SouthernEra's 40% interest in the
Joint Venture which remains unchanged.
The new partners will bring an appropriate blend of skills and experience
to Newco to ensure that it is well placed to meet its future objectives, and
SouthernEra is proud to be associated with the group of companies and
individuals involved in the new organization.

%SEDAR: 00004535E

Also, there are a lot of stories about the plane crash you mentioned.
No one is giving out names, but it was a Russian cargo plane, apparently overloaded.
PHIL
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