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

To: goldsheet who wrote (94998)5/15/2003 8:14:56 PM
From: goldsheet  Respond to of 116897
 
In addition to operating most of the gold mines in Mali,
it looks like Anglogold might be taking a big piece of Ashanti.
(Ghana's #1 miner and Anglogold's 50/50 JV partner at Gieta in Tanzania)
[good to see AU continue to diversify outside RSA]

Anglogold eyes Lonmin's Ashanti stake
"Anglogold, South Africa's second-biggest gold producer, is eyeing Lonmin Plc's 32 percent stake in Ghana-based miner Ashanti Goldfields, a source close to talks said on Thursday"

FULL: biz.yahoo.com



To: goldsheet who wrote (94998)5/16/2003 6:23:56 AM
From: IngotWeTrust  Read Replies (1) | Respond to of 116897
 
My CONGRATS of 40% owner Randgold STANDS..

Mali gov't gets an automatic 10% by concession laws, and only buys the second 10% if something proves up.

So what if Anglo is the operator? I wasn't commenting upon the Anglo angle.

Someone has to put up the money, and someone has to do the operating of the mine.

I chose to applaud the FUNDER, not the operator. Why the "big deal," Mr. Picky. You bored or something?


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