Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (253)	9/28/1999 7:04:00 AM
From: LORD ERNIE	Read Replies (1) \| Respond to of 851

NEWS of the FUTUR ;-) News October 27, 20:17 Eastern Time Durban Roodepoort Deep to finance acquisitions with share issue SEP 27, 1999, M2 Communications - South African gold miner Durban Roodepoort Deep Ltd (DRD) says that shareholders have approved its plan to issue up to 15m new shares to pay for its purchase of the Hartebeesfontein Mine in South Africa and to finance acquisitions in Australia and Asia. DRD is currently bidding for Hargraves Resources, an Australian gold producer with an annual output of about 70,000 ounces of gold per year. The offer for Hargraves, in which DRD already has a 19% stake, forms part of DRD's plan to establish a production base of up to 500,000 ounces/year in Australia. (Dow Jones Newswires, 22 Sep 1999; Platt's Commodity News, 16 Sep 1999; Reuters, 16 and 23 Sep 1999; Statements by Durban Roodepoort Deep, 16 and 23 Sep 1999). African Mining Monitor includes paraphrased and abstracted material with the source, which is deemed to be reliable and duly identified. AMM is unable to provide full-text copies of these original documents.