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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Ptaskmaster who wrote (1)2/2/2000 12:01:00 PM
From: Ptaskmaster   of 4051
 
Gold Fields cautiously inspects South Deep.

"Gold Fields is wavering over the benefits of buying Western Areas Limited's 50% stake in South Deep, the west rand gold mine jointly run with Canadian company Placer Dome. However, the joint venture insists Gold Fields, its only suitor, has not gone cold on the proposed transaction.... A value of $300m has been placed on buying half of the South Deep mine, a project that will produce 1-million ounces of gold a year in 2005.
----snip----
"This is why Placer Dome and Gold Fields are mulling control of South Deep through Consolidated African Mines (CAM).
----snip----
"...one must consider the possibility of Placer Dome owning 100% of a South Deep. However, one analyst says Placer Dome's balance sheet is looking stretched."

By David McKay on Miningweb in Moneyweb, full story at
196.36.119.130
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