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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (51171)4/5/2000 7:48:00 PM
From: goldsheet  Read Replies (1) | Respond to of 116790
 
Anglogold will provide the $SU130M of financing, which will be paid back out of operating cash flow on a 50/50 basis. I'm sure Anglogold will manage the project and will get their loan payments out of cash flow before Ashanti sees any payments. Looks like a good deal, expect 500,000oz of annual gold production soon ;)