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

To: Confluence who wrote (1961)	8/24/1998 9:04:00 PM
From: PHILLIP FLOTOW	Respond to of 7235

Confluence and all, I received this e-mail bulletin from DeBeers today. Alrosa is the Russian diamond mining company. DE BEERS CENTENARY AG - JOINT COMMUNIQUE E-Data Release Date: 21/08/1998 16:15 JSE Code: DBR c 1998 E-Data THE JOINT STOCK COMPANY ALROSA DE BEERS CENTENARY AG (INCORPORATED UNDER THE LAWS OF SWITZERLAND) PROSPECTS FOR THE RENEWAL OF THE TRADE AGREEMENT DURING THE FIRST HALF OF 1998 THE TRADE AGREEMENT DATED 21 OCTOBER 1997 BETWEEN ALROSA AND DE BEERS CENTENARY AG HAS OPERATED TO THE SATISFACTION OF BOTH PARTIES. THEY HAVE CONTINUED TO STRENGTHEN THEIR RELATIONSHIP AND CO-OPERATE TO THEIR MUTUAL ADVANTAGE, AND, THEY BELIEVE, TO THE BENEFIT OF THE INTERNATIONAL DIAMOND BUSINESS. REGULAR MEETINGS BETWEEN THE MANAGEMENT OF THE TWO ORGANISATIONS UNDERLINE THE CLOSER WORKING RELATIONSHIP WHICH NOW EXISTS AND TECHNICAL CO-OPERATION BETWEEN THE PARTIES HAS ALSO BEEN EXPANDED. AS ENVISAGED IN THE TRADE AGREEMENT, THE OBSERVATION COUNCIL, WHICH ALSO INCLUDES REPRESENTATIVES OF THE GOVERNMENT OF THE RUSSIAN FEDERATION AND THE REPUBLIC OF SAKHA (YAKUTIA), HAS MET REGULARLY TO DISCUSS MATTERS OF MUTUAL INTEREST CONCERNING THE INTERNATIONAL DIAMOND TRADE. THE CURRENT TRADE AGREEMENT EXPIRES ON 31 DECEMBER 1998. THE PARTIES HAVE AGREED THAT THE TRADE AGREEMENT BE RENEWED FOR A FURTHER PERIOD OF AT LEAST THREE YEARS. THE PARTIES HAVE FORMED A JOINT WORKING GROUP THAT WILL PREPARE DOCUMENTS NECESSARY FOR THE EXTENSION OF THE TRADE AGREEMENT. THE GROUP STARTED WORK ON 21 AUGUST 1998. 21 AUGUST 1998 ENQUIRIES: TRACEY PETERSON +27 11 374 7388 ANDREW LAMONT +44 171 430 3515 JOAN BRAUNE +44 171 430 3505 c 1998 E-Dat PHIL