Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (34717)	12/22/2003 11:04:52 PM
From: ldo79	Read Replies (1) of 36161

Another SA gold heard from: Gold Fields and Fujian Zijin Mining Industry Co. Limited Announce Strategic Partnership Monday December 22, 10:00 pm ET HONG KONG, Dec. 22 /PRNewswire-FirstCall/ -- Gold Fields Limited, through its offshore, wholly-owned subsidiary Orogen Holdings (BVI) Limited ("Gold Fields"), and Fujian Zijin Mining Industry Co. Limited ("ZIJIN") are pleased to announce a strategic partnership which will see Gold Fields' purchase of a total of US$7.73 million of shares in ZIJIN in the Initial Public Offering (IPO) of ZIJIN on the Hong Kong Stock Exchange ("HKSE") and establishment of a joint venture to explore for and develop gold properties in the Fujian Province of the People's Republic of China ("PRC"). This purchase represents approximately 18 million shares out of 318 million issued, or roughly 5.7% of the float of 27% of the company. Gold Fields was the largest single purchaser of shares in the IPO. biz.yahoo.com Regards, ldo79

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