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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (1093)	9/5/2001 6:03:12 PM
From: Roebear	Respond to of 36161

isopatch, Japanese PM vows to axe state firms Tamawa Kadoya Japanese Prime Minister Junichiro Koizumi promised on Tuesday that inefficient state-backed enterprises would be axed, starting with the biggest tax-money wasters, despite resistance. Ministries overseeing the 163 entities submitted responses to Mr Koizumi’s request for reforms by Monday—and almost all rejected the idea that they should be privatised or abolished. The rebuffs were as expected, promising an uphill battle for Mr Koizumi against old-guard bureaucrats. But Mr Koizumi vowed to get started on the reform process with the biggest of the government corporations—Japan National Oil Corp (JNOC), Japan Highway Public Corp and the Housing Loan Corp. “It is obvious there would be strong resistance,” Mr Koizumi said..... (more at URL) financialexpress.com Best Regards, Roebear

To: isopatch who wrote (1093)	9/5/2001 6:56:25 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Kinross Gold Corporation TORONTO, Sept. 5 /CNW/ - Kinross Gold Corporation (TSE-K; Amex-KGC) announced today that it has entered into a support and lock-up agreement with Echo Bay Mines Ltd. (TSE-ECO; Amex-ECO) with respect to Kinross' holding of 15.8% of Echo Bay's capital securities outstanding. Kinross has agreed to exchange the Echo Bay capital securities owned by Kinross for approximately 57.1 million common shares of Echo Bay. Franco-Nevada Mining Corporation Limited (TSE-FN) has also announced that it has also entered into a support and lock-up agreement with Echo Bay Mines Ltd. on the same terms for approximately 72% of Echo Bay capital securities. The Echo Bay capital securities owned by Franco-Nevada and Kinross represent approximately 88% of the outstanding US$100 million of capital securities. Assuming all holders of Echo Bay capital securities elect to exchange, Kinross would own 11.4 % of the common shares of Echo Bay. Robert M. Buchan, Chairman and CEO of Kinross stated that "the capital securities of Echo Bay have been held by Kinross as a long-term investment for several years and as of June 30, 2001 were carried on the Kinross balance sheet at a book value of US$6.9 million. Upon the closing of the proposed transaction, Kinross will continue to carry the common shares of Echo Bay on its balance sheet as a long-term investment." biz.yahoo.com