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Gold/Mining/Energy : kazakstan goldfields symbol kgfc

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To: Sergio R. Mejia who wrote (235)	8/10/1997 12:17:00 PM
From: Jesse	of 367

Thanks Sergio. Good post, and good read. I saw that but only glanced at it, til now. I see Gerald Metals again (in the last paragraph): ...As part of the restructuring, Indochina has guaranteed a bridge loan of up to US$45 million that has been made by Gerald Metals to Central Asian Mining. A $15-million portion of the loan has been used to meet the second-installment payment to the government of Kazakstan on the mine's purchase price. The US$30-million balance of the bridge loan will be used to initiate construction of the mine and for working capital. I hope IG realizes what they're dealing with. Hopefully the mindset of the Kaz. is adapting: ...A new social agreement was concluded, transferring responsibility for the social sphere to local government officials. Western management practices are being introduced, along with Western safety practices. -J

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