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

To: Rarebird who wrote (58654)	9/22/2000 8:51:48 AM
From: long-gone	Respond to of 116781

Didn't I say this manipulation was so deep that before it was over mergers would be blocked?Guess I should have posted this to Ken. AngloGold confident of continued growth and diversification within exchange control regulations Date: Friday, September 22, 2000 Following the announcement yesterday that the South African government had declined to approve the proposed merger between Gold Fields and Franco Nevada Mining, AngloGold has repeatedly been asked for its response to the announcement. While we do not wish to comment on the merits of this particular application and the response to it, we would make these observations. AngloGold’s primary listing is in Johannesburg, although the company has a very significant shareholder base in the US and elsewhere in the world and its shares are actively traded on several stock exchanges. AngloGold has clearly stated its intention to diversify its mining risk by acquiring lower-cost assets wherever they can be found, providing that they add value for its shareholders. The company will continue to do this within the South African regulatory framework and does not anticipate being constrained in any material way in the achievement of its objectives. Since the formation of AngloGold in 1998, we have completed four major transactions involving the acquisition of non-South African assets: the gold mining assets of Minorco in North and South America were acquired in 1998; in 1999, AngloGold acquired the Australian company, Acacia Resources; earlier this year we bought a fifty per cent share of Ashanti Goldfields’ Geita mine in Tanzania; and, also during this year, we acquired a 40% share in the Morila property in Mali from Randgold Resources. These transactions, which were completed using both cash payments and share exchanges, had an aggregate value of over $1.3 billion. All of them complied with South African foreign exchange regulations and Finance Department guidelines. AngloGold confident of continued growth and diversification within exchange control regulations. anglogold.co.za

To: Rarebird who wrote (58654)	9/22/2000 9:12:35 AM
From: long-gone	Read Replies (2) \| Respond to of 116781

Bush: Don't Tap Reserve; Blame Clinton-Gore for Oil Prices UPI Friday, Sept. 22, 2000 CLEVELAND – George W. Bush called Al Gore's proposal Thursday to tap the nation's strategic petroleum reserve a campaign ploy to drive down oil prices. He blamed the Clinton-Gore administration for soaring energy prices. The "bad pubic policy" would risk "long-term national security," Texas Gov. Bush said. "The strategic reserve is an insurance policy meant for a sudden disruption of our energy supply or for war," Bush said while meeting with area high-tech workers from a start-up firm, Thermagon Inc. "The strategic reserve should not be used as an attempt to drive down oil prices right before an election," said Bush, the GOP presidential nominee. "It should not be used for short-tem political gain at the cost of long-term national security." (cont) newsmax.com