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

To: goldsheet who wrote (80134)	12/22/2001 8:05:10 AM
From: long-gone	Read Replies (1) \| Respond to of 116756

Silver high/low/close/average 8.92/4.66/8.52/7.95

To: goldsheet who wrote (80134)	12/22/2001 11:07:30 PM
From: long-gone	Read Replies (1) \| Respond to of 116756

Thedeal.com Updated 04:01 PM EST, Dec-21-2001 Australian panel rejects AngloGold challenge by Laura King Posted 02:06 PM EST, Dec-21-2001 TORONTO — For the second time in two weeks, Australia's Takeovers Panel has rejected an application by South Africa's AngloGold Ltd. to block a bid by rival Newmont Mining Corp. of Denver for Normandy Mining Corp. The panel Dec. 21 declined AngloGold's request to overturn its Dec. 12 decision denying an application by AngloGold claiming that Newmont's proposed acquisition of Canada's Franco-Nevada Mining Corp. *would give rise to "unacceptable circumstances."()** The Franco-Nevada acquisition is part of Newmont's three-way merger proposal under the Normandy deal. Toronto-based Franco-Nevada is Normandy's largest shareholder, with a 19.9% stake. AngloGold wanted the panel to quash Newmont's bid because it charged that Franco-Nevada shareholders were getting an unfair premium under its offer. In its original decision, the panel said it was not convinced that acquiring Franco-Nevada's stake in Normandy was the "primary purpose of Newmont's proposed acquisition" of Franco-Nevada and therefore it was not appropriate to allocate different amounts of value to the different assets within Franco-Nevada as requested by AngloGold. AngloGold launched its bid for Normandy Sept. 5 and later sweetened the offer after Newmont entered the fray. Both companies bids value their target at about $2 billion. thedeal.com * - anybody want to guess about what those "unacceptable circumstances" might be?