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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Aurum who wrote (58)	3/28/2002 4:51:30 PM
From: long-gone	of 4051

Randgold hints at possibility of Morila stake sale Mar 28, 2002 (AFRICAN MINING MONITOR via COMTEX) -- The London-listed gold miner Randgold Resources has hinted that it might be ready to sell its 40% stake in the Morila gold mine in Mali. The chief executive of Randgold, Mark Bristow, has said that the company could be prepared to let go of Morila for a large enough cash consideration, even if the gold venture now has established reserves of 5.9m ounces of gold. Analysts believe a possible buyer could be Morila's majority owner, the South African miner AngloGold Ltd. Randgold also has other interests in the region, for instance the Luolo claim in Mali and the Togon project in Cote d'Ivoire. (Africa Analysis, 20 Mar 2002.) African Mining Monitor includes paraphrased and abstracted material with the source, which is deemed to be reliable and duly identified. (C)1998-2002 M2 COMMUNICATIONS LTD

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