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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (89107)	2/1/2001 11:48:30 AM
From: yard_man	Read Replies (1) of 132070

I think it is DBRSY -- look at that one ... >>Anglo-Australian miner Rio Tinto PLC said Monday it issued a total 817,212 ordinary shares and paid 668.7 million Australian dollars cash to acquire Australian diamond producer Ashton Mining Ltd. Rio's compulsory acquisition of Ashton was completed on Jan. 17. Rio won control of Ashton despite a higher competing bid from De Beers Consolidated Mines Ltd. after 49.72% Ashton shareholder Malaysia Mining Corp. lost patience with De Beers' failure to speedily win approval for its bid from regulators in Australia and Belgium. Ashton has delivered Rio full control of the world's largest diamond mine, the Argyle mine in Western Australia. Ashton held a 40% stake in Argyle, with Rio as its joint venture partner having 60%. <<

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