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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: Andrew who wrote (2845)4/13/1999 7:58:00 AM
From: Ron S.  Read Replies (1) of 7235
 
G&M today reported that the SA Gov Diamond Valuator is
claiming that the value given by De Beers to a consigment of
diamonds for sale by the CSO in London is TOO LOW. "The
scrutinized stones included diamonds from the Marfontein
mine..."

The lower value would affect DeBeer's annual tax payments
... $182 million last year.

"Southernera officials declined to comment."

"Mr. Nobels, Belgium born diamond expert, wants to use spot
market prices, valuations that can be higher than long term
estimates.

regards

Ron S.
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