DROOY Durban Deep- Best S. African Mine Message Board

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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine

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To: sea_urchin who wrote (116)	3/25/1999 7:43:00 AM
From: LORD ERNIE	Read Replies (2) of 851

News about drooy: News article received, Tuesday, March 23, 1999 7:39:34 AM EST DRD WITHDRAWS BID FOR EMPEROR MAR 23, 1999, M2 Communications - Durban Roodepoort Deep Ltd (DRD), a South African gold producer with annual production of over 630,000 ounces, has withdrawn its subsidiary's takeover bid for Emperor Mines Ltd, a company with gold resources in Australia. The offer, which was worth about AUS$64m, was taken back after Emperor started legal proceedings to try to stop the take-over. (Johannesburg Stock Exchange, 19 Mar, 1999; Regulatory News Service, 19 Mar, 1999; Reuters, 16 Mar 1999; The Australian, 18 and 19 Mar 1999; The Australian Financial Review, 19 Mar 1999)

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