Subject:
Date:
Wed, 07 Jan 1998 15:36:22 -0800
From:
"Maureen Luck@sunshine.net" <sn1614@sunshine.net>
To:
(Recipient list suppressed)
AMERICA MINERAL FIELDS LAUNCHES
US$3 BILLION TEXAS LEGAL ACTION
AGAINST ANGLO AMERICAN/DE BEERS/
MINORCO GROUP
January 7, 1998 Trading: TSE:AMZ
Mr. Simon Brownlie, President and Chief Executive Officer of America
Mineral Fields Inc. (the "Company"), announces that the Company and its
wholly owned subsidiary, America Mineral Fields International Ltd., have
today filed legal proceedings in the State District Court of Dallas County,
Texas, against Anglo American Corporation of South Africa Limited and
affiliated entities (collectively "Anglo American") for actual and punitive
damages in excess of US$ 3 billion. The Petition alleges, among other
things, that Anglo American tortiously interfered with the Company's
agreements in the Democratic Republic of Congo.
America Mineral Fields believes that Anglo American has for some time
orchestrated a well-financed campaign to interfere with the Company's
projects in the Democratic Republic of Congo.
America Mineral Fields has secured a number of mining agreements, contracts
and conventions with the Democratic Republic of Congo, and was awarded the
contract to develop the Kolwezi Tailings by the Democratic Republic of
Congo after an open international bidding process.
On the basis of its contracts with the Democratic Republic of Congo, the
Company has carried out multi-million dollar feasibilities on the projects
it was awarded.
It is the intention of the Company to meet with the government of the
Democratic Republic of Congo to clarify the validity of a communiqu‚ which
was recently printed in a Kinshasa daily newspaper which purported to
affect adversely the Company's Kolwezi Tailings contract.
America Mineral Fields wishes to confirm that it has not received formal
notification from the government of the Democratic Republic of Congo of any
changes to any of its contracts in the Democratic Republic of Congo,
including the Kolwezi Tailings Project.
Finally, America Mineral Fields wishes to assure its shareholders that the
Company will continue to do everything in its power to safeguard its assets
in the Democratic Republic of Congo against any interference.
On behalf of the Board of
America Mineral Fields Inc.
"Simon Brownlie"
Simon Brownlie, President and Chief Executive Officer
For further information about America Mineral Fields Inc. or the contents
of this news release, please contact Simon Brownlie, President and Chief
Executive Officer at (214) 969-7373, or fax at (214) 969-7648, or Earl
Young, Investor Relations at (214) 599-8360, or fax at (214) 599-8361. or
visit the Company's web side at am-min.com |
