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

To: John Paquet who wrote (58435)	9/20/2000 11:28:51 AM
From: lorne	Read Replies (1) \| Respond to of 116763

AngloGold's Williams on Consolidation, Gold Demand: Comment By Dudley White Melbourne, Sept. 20 (Bloomberg) -- Kelvin Williams, executive director of marketing at AngloGold Ltd., the world's biggest gold miner, comments on possible acquisitions in Australia and the gold market. Williams was speaking at the ``Mining 2000'' conference in Melbourne. On possible acquisitions in Australia: ``There are companies in Australia that are world class that must obviously be on a list of targets for consolidators. We don't have specific and concrete targets that we are stalking. ``Normandy is an interesting company. Normandy Chairman Robert Champion de Crespigny is someone who thinks like a global player. He has strategic views that are quite clear. It has a quality portfolio and it would fit the characteristics of a company that we would look at. ``Australia has a more identifiable mining culture than other countries. Australia must be a target, not only for us but for others as well.'' Williams said AngloGold sees opportunities for acquisitions in Latin America, and growth from new prospects in Africa. On whether inflation expectations may boost gold demand: ``One has to be realistic. In a managed-fund environment the reflex shift to gold is unlikely to repeat itself. That said, when the major cycles do begin to change, I have no doubt that gold, along with other commodities, might face a different scenario. We need to do more work on the marketing of that and to promote it as a long-term'' asset. quote.bloomberg.com