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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Goalie who wrote (861)	4/17/1998 5:12:00 PM
From: Famularo	Respond to of 7235

For all interested parties: Here is the agenda from the Toronto Resource & Energy Investment Conference, April 19/April 20. cambridgeconferences.com Regards Frank

To: Goalie who wrote (861)	4/18/1998 8:35:00 AM
From: GULL	Read Replies (1) \| Respond to of 7235

De Beers Press Release (www.edata.co.za/debeers/) De Beers signs agreement on Marsfontein mineral rights with NGS Minerals (Pty) Limited. De Beers Consolidated Mines Limited confirms that following a competitive bidding process between several interested parties and NGS Minerals (Pty) Limited , the registered owner of the mineral rights relating to certain portions of the farm Marsfontein 91 KS , De Beers has signed an agreement which entitles it to purchase these mineral rights from NGS Minerals. De Beers has given a commitment that it will not take transfer of the mineral rights until mid May at the latest,in order to allow a local court to consider an application for an interdict restraining NGS Minerals from alienating or encumbering its Marsfontein mineral rights.Provided that the appropriate authorisations and environmental approvals have been obtained in terms of the Minerals Act,1991,and that due diligence findings are satisfactory,De Beers will embark on a small-scale mining operation on the property. Marsfontein is situated a few kilometres north of Zebedelia in the Northern Province of South Africa in an area which has been the subject of intensive diamond prospecting activity by De Beers for many years. Following on from its discovery of a kimberlite dyke system west of Zebedelia in 1985,De Beers extended its prospecting search over a greater area,and has discovered a number of other kimberlites. Negotiations with other mineral rights owners in the area have been ongoing,and the conclusion of this agreement between NGS Minerals and De Beers will enable De Beers to consolidate these Marsfontein mineral rights with its other mineral rights holdings in the Zebedelia area.