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Gold/Mining/Energy : America Mineral Fields

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To: Ben Homer who wrote (40)	10/8/1997 11:47:00 AM
From: DRT	of 84

Here goes, 2 reasons: 1. Press release coming out today on Kolwezi - AMZ's immediate priority. 2. Diamonds - an early investment may pay off BIG TIME! Read this.... Mining News October 7, 1997 John Fleming reported for Reuter on October 7 that International Defense and Security Resources (IDAS) has announced it will give up some shares "to bring UNITA legally into the concession." The company says it expects to be duly compensated. IDAS is registered in the Dutch Antilles and is a 25 percent holder in a concession in the upper Congo river valley known as the Cuango Valley. The state-owned diamond company Endiama holds 50 percent of the concession with America Mineral Fields (AMZ.TO) holding the other 25 percent. Fleming reports that while tension remains high between the UNITA rebels and the Government of Angola, a political dialogue has restarted in recent weeks "with a heavy emphasis on securing a diamond agreement." Western diplomats and officials have told Reuter that the outline for a deal has been reached between Angolan leaders and UNITA leader Savimbi. Fleming reported that "officials say in return for granting UNITA a legal status in the diamond concessions the former rebels will hand over the remaining territory they control." It is expected that foreign companies will have to forfeit a certain number of shares to UNITA to bring them into the existing concessions or give away part of the concession to UNITA. UNITA's argument is that it needs the money in order to organize and operate a viable political opposition to the ruling party. It should be said that a highly reliable source close to mining activities in Central Africa has been telling NCN for several weeks now that he thought a deal would be cut between the government and UNITA and that such a deal would cause a major explosion in investment and economic activity not only in Angola but in the DRC as well. DRT

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