SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (29001)2/25/1999 2:27:00 PM
From: John Hunt  Read Replies (1) | Respond to of 116790
 
Silver On The Move Again

kitco.ca

Go out in a big way ... get buried in your car and have it coated with gold.

< g >

John





To: long-gone who wrote (29001)2/25/1999 3:15:00 PM
From: SilverFox77  Read Replies (1) | Respond to of 116790
 
Nice casket........I think I'll go for cremation.....what a waste of metal-- just to place my poor dead useless body in?

Oh, and place my dusty remains in a tupperware container -- reusable?
Lorraine



To: long-gone who wrote (29001)2/25/1999 5:54:00 PM
From: IngotWeTrust  Read Replies (2) | Respond to of 116790
 
Hey, Hey, Richard...interesting...never thot of looking in the graveyard, except for detecting for the old eyesocket cartwheels with a metal detector.

Rather a macabre topic/and url viewing...gave me the willies...

Ole "sensitive about dying--must be why I'm always packin', too /49r



To: long-gone who wrote (29001)2/25/1999 5:57:00 PM
From: goldsnow  Read Replies (1) | Respond to of 116790
 
S.Africa gold firms eyeing Australasia expansion
09:22 a.m. Feb 25, 1999 Eastern

By Darren Schuettler

JOHANNESBURG, Feb 25 (Reuters) - South African gold companies, healthy
again after a difficult restructuring in the face of weak gold prices, are on the prowl
for expansion opportunities in Australia and Asia.

Late on Wednesday turnaround specialist Durban Roodepoort Deep launched a
hostile takeover bid for Australia's Emperor Mines and its underperforming mine in
Fiji.

Analysts said other South African gold players, including bullion giant AngloGold Ltd,
have expressed interest in the region as they seek to expand globally.

''I think this is a trend that we are going to see in the future,'' Merrill Lynch Smith
Borkum analyst Dave Hall said on Thursday.

''The North American market is consolidated and the South African market is mostly
consolidated and the one market that hasn't is Australia,'' Hall added.

AngloGold, the world's biggest gold producer, has said that the company's future
growth plans include Australia and Asia.

''We look to the Australasian region for our next move. We're looking at joint
ventures with junior mining companies as well as our own exploration,'' Jonathan
Best, AngloGold's executive director of finance, said earlier this month.

AngloGold, born from a merger of the gold assets of Anglo American Corp last year,
is moving to diversify its asset base from its current dominant position in South Africa.

It recently acquired the North and South American gold mines of sister company
Minorco SA which has exploration offices in Perth and Brisbane.

Gold Fields Ltd, the world's third largest gold producer behind Canada's Barrick
Gold Corp, has said it will be an aggressive bidder for promising mining projects
outside South Africa.

Harmony Gold Co, which expanded into Canada last year, is actively evaluating
opportunities in Australia through its exploration subsidiary Lydex.

Meanwhile, Durban Roodepoort Deep said it would seek a listing on the Australian
Stock Exchange to facilitate trade in new shares it planned to issue under the
Emperor offer.

The Johannesburg-based company also said it would be looking at a number of other
gold mining and exploration projects in the Australasian region.

''Our Australian listing is not solely intended to provide Emperor shareholders with
an exchange to trade their DRD shares, but also an indication of our serious
intentions in this region,'' said DRD chief executive Mike Prinsloo.

Investors were less enthusiastic about the Emperor bid with DRD shares off 50 cents
at 14.25 rand on the Johannesburg bourse on Thursday.

''There has been quite a fight over the company and maybe shareholders don't know
how successful Durban will be in its bid,'' another mining analyst said.

DRD said it decided to make an offer of one new DRD share for every five Emperor
shares after prolonged talks with Emperor management failed to win a friendly
takeover agreement.

The bid represents a 5.4 percent premium on the trading value of Emperor and DRD
shares over the past month.

A major Emperor shareholder, Consolidated African Mines and its associates, have
agreed to tender their 17.42 percent stake in the Australian company to DRD.

Emperor is attractive to DRD because its Vatukoula gold mine in Fiji is a good, but
underperforming asset which DRD believes it can turn around.

((Johannesburg newsroom, +27-11-775-3131, fax +27-11-775-3132,
newsroom+reuters.co.za))

Copyright 1999 Reuters Limited.