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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: gg cox who wrote (7223)	3/22/2005 8:00:49 AM
From: Bob Fairchild	Read Replies (1) of 7235

Miner Lonmin to buy Southern Platinum for $190 mln Tue Mar 22, 2005 02:18 AM ET LONDON, March 22 (Reuters) - London-listed Lonmin Plc (LMI.L: Quote, Profile, Research) has agreed to buy Canada's Southern Platinum (SPC.TO: Quote, Profile, Research) for $190 million pounds in cash, the world's third biggest platinum producer said on Tuesday. Southern Platinum's main asset is its 91.5 percent stake in Messina Ltd (MESJ.J: Quote, Profile, Research) , a Johannesbourg-listed platinum miner. Note: The offer price is still up in the air as there has been other news items quoting the purchase as being 190 million in U.S. dollars which would make the share offer at $2.66 instead of $5.11 if the price was in pounds. So don't get too excited yet.

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