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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: VAUGHN who wrote (1532)6/11/1998 3:47:00 PM
From: GULL  Read Replies (2) of 7235
 
De Beers have absolutely no reason to fear any negative reaction from the SA Government or anything in the Green Paper.
I hope that I am not being lazy but read extracts below from one of my earlier postings,I would appreciate your comments:

I have quoted from the BD article on an aspect which is quite interesting: ' The question is whether it is in SA public's interest to maximise the quantity of diamonds lifted from its soil. Just because a rich kimberlite exists does not mean that it has to be dug up immediately for the gratification of some overseas punter.

Maduna, to his credit, appears to have grasped the point. In a part of his recent speech to Parliament NOT quoted by SouthernEra, he said "measures" would be introduced not only to "discourage unproductive holding of prospecting and mining rights" but also to ensure retention where exploitation "may not be economic or may disrupt markets". '

Regards
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