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

To: d:oug who wrote (63083)	1/29/2001 9:30:49 PM
From: lorne	Respond to of 116753

Barrick Gold keen on SA stake, says Mbeki Max Gebhardt January 30 2001 Davos, Switzerland - Randal Oliphant, the chief executive of Barrick Gold, had expressed a keen interest in investing in the South African gold mining industry in talks with President Thabo Mbeki, Mbeki said yesterday. The talks were held at the annual meeting of the World Economic Forum (WEF) in Davos, where Mbeki had held a number of bilateral meetings. The president said he had spoken to Oliphant before coming to Davos about the Canadian gold producer's interest in investing in South Africa. The meeting is likely to fuel speculation that Barrick Gold and Anglogold might team up to buy out Goldfields. Anglogold's parent, Anglo American, already has a Goldfields stake as a result of a share swap last year with Rembrandt. Mbeki also met with chief executives William Rhodes of Citibank, John Browne of the BP Group and Jurgen Schremp of DaimlerChrysler. These discussions concerned the continental Millennium Africa Renaissance Plan, in which Mbeki and other national leaders aim to significantly increase foreign direct investment in Africa and bridge the growing digital divide between developed and developing nations. Mbeki said the government would not extend Telkom's exclusivity period to 2005, as it could have done in terms agreed when Telkom was partially privatised in 1997. The government had at no stage discussed the possible delay of Telkom's initial public offering in the second half of this year, he said. "I do not believe there will be a delay," Mbeki said. "It is important to bring in large capital resources to the telecommunications industry." In his presentation to the WEF on Sunday, Mbeki said a key aspect in his Africa plan to help promote sustainable economic development for the continent was the development of regulatory frameworks for the telecommunications sector. Discussions such as the one he had held with Barrick Gold had been part of the plan in coming to Davos, but Mbeki said he had more interaction with international businesses in South Africa than at the forum meetings. busrep.co.za

To: d:oug who wrote (63083)	2/3/2001 3:50:46 PM
From: Zardoz	Read Replies (4) \| Respond to of 116753

This Gold Price Monitor thread on Silicon Investor has no other item more on-topic in the gold markets that the activities of GATA. This thread does have many more important things then the imaginary conspiracies of GATA, the yellow brick road from "Wizard of Oz", and the all the gold in "The Seven Cities of Ciabola". Reality dictates the price of gold. You, GATA, and especially Bill Murphy have always failed to understand the things that make gold rise, and make them stay the same. Constant crying out loud: "It's our time". Only goes to prove that you've missed the majour opportunities in life. Why do so many of you live in denial? It's ok to say you've made a mistake and then continue on in life. The Allusive Hutch