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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: Ptaskmaster who wrote (272)	9/25/1998 4:52:00 PM
From: sea_urchin	Read Replies (1) of 472

PTask : I've completely lost track of SAf platinums since Anglo dumped JCI and Rusplats became Amplats and gobbled everything up. Anyway, there hasn't been any action in the shares (Rusplat/Amplat) which have traded in virtually the same rather narrow range for the past 9 -10 years. The volatility in the platinum price was certainly not reflected in the share price. I think the reason Amplats is not quoted on NASDAQ now is that Anglo likes to hold all the shares near its bosom. Perhaps for sentimental reasons. Maybe strategic. I know Lydenberg was taken off the list. I don't know of any other ADRs. Anyway, you are not missing anything. I don't follow the other SAf platinums but I know there hasn't been much to shout about there, either. Northam isn't much of a mine. Impala has a law case with the Bofokeng tribe who allege Gencor (now Billiton) stole the property. I don't think there is a common thread leading to Goldfields. Yes, I have heard that relations between Anglo and Goldfields are not as good as they could be. In fact, people were surprised that they were able to settle the DRFNY split-up amicably. I don't know why they are not friends.

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