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

To: Peter Bourgeois who wrote (2155)	11/3/1998 5:53:00 PM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 7235

Peter, News release from DeBeer's today: JOINT COMMUNIQU E-Data Release Date: 03/11/1998 17:30 JSE Code: DBR © 1998 E-Data The Joint Stock Company Alrosa and De Beers Centenary AG DE BEERS AND ALROSA EXTEND TRADE AGREEMENT FOR A FURTHER THREE YEAR PERIOD The joint stock company Alrosa and De Beers Centenary are pleased to announce that the trade agreement dated 21st October 1997 has today been extended for a further three year period until 31st December 2001. The agreement was signed in Moscow by Mr Vyacheslav Shtyrov, President of Alrosa, Mr Nicky Oppenheimer and Mr Gary Ralfe, Chairman and Managing Director respectively of De Beers. The renewal of the agreement has the full support and endorsement of the Government of the Russian Federation. As the world's two major rough diamond producers, De Beers and Alrosa both recognise the need to maintain stability on the diamond market, particularly in the current difficult economic situation. Both parties have been satisfied with the way the contract has been operating and feel sure that their commitment to long-term co-operation will benefit everyone in the worldwide diamond community. ENQUIRIES: TRACEY PETERSON (011) 374-7388 (W) (011) 902-6795 (H) 082 855 4323 TOM TWEEDY (011) 374-7173 (W) (011) 477-4214 (H) 083 308 0083 © 1998 E-Data Also, in today's Wall Street Journal, part of Russia's diamond inventory was pledged as collateral against their state owned natural gas company, which is up for sale. PHIL