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Gold/Mining/Energy : MPVIF Mountain Province Mining -- Ignore unavailable to you. Want to Upgrade?

To: skelly who wrote (667)	3/25/1998 1:23:00 PM
From: GuitarMan	Read Replies (1) \| Respond to of 2577

Non MPV news: 24-MAR-98 CAPE TOWN (Reuters) - South Africa has decided to shoot all pigeons in its Northwest diamond producing area, because the birds are being used to smuggle gems out of the country. ''Diamonds are leaving the country in a manner which is extremely worrying,'' Manda Msomi, chairman of parliament's public enterprises committee, said Tuesday, reporting after a visit to state diamond mining company Alexkor. ''Diamonds are being strapped onto the body of pigeons and flown out of the country. The law now is to shoot all pigeons on sight,'' Msomi said. Msomi said his team would recommend that Alexkor not be privatized in the near term because the company's assets had been so depleted by diamond theft. ''There is no way we can allow the sale of Alexkor to be approved without a true valuation,'' he said. ''The security of the product is paramount.'' Msomi said it was possible that employees and the local community were implicated in the widespread theft and said Alexkor needed to spend about 40 million rand ($8 million) to improve security.