Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (833)	10/10/2001 6:05:13 PM
From: craig crawford	Read Replies (1) of 1643

AngloGold to sell two S.Africa mines-report biz.yahoo.com Tuesday October 9, 3:57 pm Eastern Time JOHANNESBURG, Oct 9 (Reuters) - South African gold producer AngloGold Ltd declined on Tuesday to comment on a report that it intended to sell two Free State gold mines to Harmony Gold and African Rainbow Minerals (ARM) for $237 million. ............................................................................................................................. AngloGold sold two other Free State mines, Elandsrand and Deelkraal, to Harmony last year for 1.0 billion rand ($107.9 million) in cash. The Johannesburg-based company is the world's largest gold producer with annual output exceeding seven million ounces. The bulk of its gold is produced in South Africa, where some of its mines have performed below expectations in recent years. Bambanani and Tshepong were put up for sale last year, but AngloGold said in July this year that it would keep the mines due to their improved performances and the lack of decent bids

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