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To: The Barracuda™ who wrote (83854)	3/28/2002 11:06:12 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116763

X-squared: Any insight into why so much idle cash is sitting around in Japanese Savings accounts? With interest rates so low over there, they must not be making much "passbook interest" on those accounts. Yes? No? Can they hold foreign denominated savings accounts there in their local banks and escape this "uninsured ceiling" nonsense? Acc'd to currency converter URL below: 10MM Yen = $75,449.459 today only<g> Anyone have another currency converter website that shows different dollars? PS...I like collecting converter URLs...the more global it gets, the more we need to talk each other's currency and weights and measures, yes?!!!! Lay the good URLs on me guys/dolls! Poor Japanese dudes/dudettes...when I first posted the $86K conversion was only a couple weeks ago. :( Bet they are ye'ning for the good ole days, eh? <---pun alert g_t

To: The Barracuda™ who wrote (83854)	3/28/2002 12:05:24 PM
From: long-gone	Read Replies (1) \| Respond to of 116763

Rocky Mountain News Newmont: Merger costs could total $90M By The Associated Press March 27, 2002 Newmont Mining Corp. said Wednesday it expects to incur at least $90 million in direct costs from its acquisitions of Normandy Mining Ltd. and Franco-Nevada Mining Corp. earlier this year. Newmont Mining said in its annual report filed with the Securities and Exchange Commission that it spent $4.1 million as of Dec. 31, 2001, and would capitalize the expenses. Newmont Mining, a Denver owner of metals and mineral mines, completed its combined $4.5 billion acquisition of Normandy and Franco-Nevada at the end of February. Newmont Mining expects to realize savings of $70 million in the first full year after the acquisitions and sees the savings rising to $90 million in the following year. The cost reductions will result from the rationalization of corporate overhead and exploration and development budgets, as well as operating efficiencies and reductions associated with procurement, interest and tax benefits, Newmont Mining said in the filing. In February, Newmont Mining said it plans to raise $250 million to $300 million in the first year through asset sales, including some of Normandy's smaller operations outside Australia. Elsewhere in its annual report, Newmont Mining said it budgeted $315 million for capital expenditures in 2002 as a stand-alone company, compared with $401.6 million in 2001, but will modify the budget to account for the acquisitions. Newmont Mining's capital-expenditures budget includes $27.8 million in costs to comply with environmental regulations, more than double the $12.1 million it spent in 2001.

To: The Barracuda™ who wrote (83854)	5/31/2002 6:52:51 AM
From: long-gone	Respond to of 116763

Friday May 31, 6:35 am Eastern Time Reuters Business Report Dollar Propped Up by Japan Intervention By Natsuko Waki LONDON (Reuters) - The dollar jumped against the yen as Japan intervened repeatedly to weaken its currency on Friday, fearing its recent strength would damage the nation's tentative export-led recovery. ADVERTISEMENT The greenback -- which sank to six-month lows below 123 yen on Thursday -- shot up more than one percent to around 124.60 after the first action in late Asian trade, the Bank of Japan's third day of intervention in less than two weeks. The BOJ intervened again in early European trade and also half way through the European morning, and dealers estimate it bought around $5-6 billion in total on Friday. "The Ministry of Finance played the market very well... They can continue to play the market but the political environment won't support it. What they can do is to slow the ascent," said Stacey Seltzer, currency strategist at Brown Brothers Harriman. The dollar has fallen over seven percent both against the euro and the yen in the last two months as doubts over the pace of the U.S. recovery have dimmed the once unrivalled appeal of U.S. assets. The dollar was struggling to hold its post-intervention gains and had fallen back below 124 yen by 0940 GMT.(cont) biz.yahoo.com