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

To: Ptaskmaster who wrote (413)	2/19/1999 8:48:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 472

I did the sums wrong! Anglo gets R1.3bn for its shares, not R600m. bday.co.za Also the right to use Dries infrastructure to start a new ultra-deep mine. "Thompson said the two parties had reached a tacit agreement ensuring that Anglogold could move on Western Ultra Deep Levels from Driefontein infrastructure. Driefontein retains participation rights in Western Ultra Deep Levels." It is this new deep level mine that Anglo was after. Dries was simply the means to that end. Furthermore, Goldfields payment for the Dries shares will pay for that mine, plus whatever. Anglo always wins. I don't think AngloGold will want to come back into Goldfields. I'm sure that was basic to the deal --- Anglo gets out altogether --- and stays out.

To: Ptaskmaster who wrote (413)	2/25/1999 5:56:00 AM
From: sea_urchin	Read Replies (2) \| Respond to of 472

These two articles shed further light on our recent discussion about Dries and Plats. They also emphasise my contention that Anglo always wins: fm.co.za fm.co.za Looks like Impala has good prospects. Also ""Despite all its economic problems, Japan still consumed 4t of platinum in jewellery manufacture last year compared with 43t in 1997. says MD Barry Davison. This made it the first year Japanese platinum demand outstripped total Japanese gold demand for jewellery manufacture. "