Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (17836)	4/4/2003 5:22:06 PM
From: sea_urchin	Respond to of 81111

Americans beware...... Only a matter of time before the smart US lawyers will be seeking reparations for the descendants of the victims of slavery. m1.mny.co.za >>>This development comes at a bad time for Anglo American already having to compile a rebuttle to the South African government on mining royalty proposals levied on the group’s gross revenue. This is in terms of the Money Bill which has attached a royalty of between three and eight percent on all of the country’s miners, most critically gold, platinum and diamond producers. Investment analysts have said the Money Bill will impact on the group’s future earnings and even negatively affect the viability of future black economic empowerment deals. The group may also be faced with legal suits on health related diseases contracted by miners working on the company’s gold mines. This follows success in extracting reparations from former South African mining house, Gencor, for health problems developed by miners while working on the company’s asbestos mines. The lawyers in that particular case, Ntuli, Spoor and Noble, said that a similar case could be made for diseases contracted by miners and specific to the gold mining industry. The attorney said this claim could total billions of rands for South Africa’s gold mining industry.<<< Very bearish for SA mining shares.