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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine

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To: RFH who wrote (724)6/19/2002 12:41:19 PM
From: posthumousone  Read Replies (1) of 851
 
Durban Roodepoort Deep, South Africa's fourth-largest gold miner, confirmed on Wednesday it would pay the first dividend in its 107-year history when it reports full-year earnings next month.

The statement came as the company said it was seeking a full listing on the Australian stock exchange, raising speculation that it may be planning acquisitions in Australia.

Mr Wellesley-Wood said the group had wound down its hedge book, making it one of the most highly-geared producers to the gold price.

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