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

To: long-gone who wrote (79390)	11/16/2001 4:28:31 PM
From: Vitalsigns	Respond to of 116925

The rumor came across on ROBTV this afternoon just after 1PM, it caught my attention and was surprised that no one had reported it. I could not find a link to it on any online news service but I am sure something will come up about it this weekend .

To: long-gone who wrote (79390)	11/17/2001 5:35:02 AM
From: sea_urchin	Read Replies (1) \| Respond to of 116925

Apologies for butting in. The reference is what interests you. Message 16670702

To: long-gone who wrote (79390)	11/17/2001 10:28:22 AM
From: Vitalsigns	Read Replies (1) \| Respond to of 116925

m1.mny.co.za www2.marketwatch.com; I knew we would hear more about today Detailed speculation A source said last night that an envoy from Barrick had held fruitful talks this week with Anglo American [LSE:AAUK], the UK-listed group which owns about 52 percent of Anglogold and which has expressed an interest in diluting this holding. It is thought that Anglo American's new major lender, Barclays Capital, was prepared to underwrite a $125 million (R12 billion) cash underpin to an offer for the $375 million (R36 billion) AngloGold. Anglo American declined to comment. HSBC gold analyst Rob Edwards, said the rationale and timing for the deal was compelling: "Even before this, it was always the intention of AngloGold parent and shareholder Anglo American to emulate the success of Barrick in terms of ratings for its gold division. A transaction that allows Anglo American to maximize the value of their investment in AngloGold in dollars is still as possible as it was three years ago after AngloGold had been consolidated. Although AngloGold has done reasonably good job at improving its valuation, a ceiling has been reached. The next step has to be quantum," he said. A likely strategy would be for Barrick to take the AngloGold stake off Anglo American. "Particularly as metal prices across the board are approaching bottom of the cycle and AngloGold has performed an excellent portfolio diversification function within the Anglo American portfolio," he said. "The timing is ideal for Anglo American, good for Barrick and also not bad for AngloGold, given the Normandy mishap.