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Gold/Mining/Energy : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (338)	10/13/1998 12:49:00 PM
From: .Trev	Read Replies (1) \| Respond to of 472

I know you guys aren't much interested in Diamonds but $ in the treasury might turn you on. This new was just released Acquisition of Randgold interest in Marsfontein JV completed SouthernEra Resources Limited SUF Shares issued 25,695,265 Oct 9 close $7.50 Tue 13 Oct 98 News Release Mr. Christopher Jennings reports SouthernEra Resources has completed the acquisition of the interest held by Randgold & Exploration Company Limited in the Farm Marsfontein 91 KS in South Africa. The company now owns a 40 per cent interest in the joint venture, (60 per cent DeBeers Consolidated Mines Limited), which commenced mining the M-1 kimberlite pipe on the property on Aug. 31, 1998. The total purchase price was R61,250,000, or approximately $16.3-million. Financing assistance of R26,800,000 was provided under a credit facility granted by Rand Merchant Bank Limited of Johannesburg, South Africa. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Regards