- DURBAN zahlt Dividende - JÜKÜ, 21.06.2002, 16:49
- Re: DURBAN zahlt Dividende - wieviel? - vladtepes, 21.06.2002, 17:21
- Re: und das in e-gold!!! - R.Deutsch, 21.06.2002, 18:31
- Ich hab lieber r-gold - Diogenes, 21.06.2002, 20:37
DURBAN zahlt Dividende
> By Matthew Jones
> Financial Times
> June 19, 2002
>
> Durban Roodepoort Deep, South Africa's fourth-largest
> gold miner, confirmed on Wednesday it would pay the
> first dividend in its 107-year history when it reports
> full-year earnings next month.
>
> The statement came as the company said it was
> seeking a full listing on the Australian stock exchange,
> raising speculation that it may be planning acquisitions
> in Australia.
>
> Mark Wellesley-Wood, chairman of DRD, told the
> Financial Times the company was back on track after
> a"tumultuous year" of sweeping management changes
> and litigation.
>
> The group's intention to pay a dividend was definite
> and earnings were improving after winding down the
> gold hedge book and paying down debt.
>
>"The dividend is now in the budget and we will be
> making a statement on future dividend policy next
> month," he added.
>
> DRD has in the past had a reputation for high
> operating costs, poor gold hedging, and poor
> corporate governance.....
>
> Wellesley-Wood said the group had wound down its
> hedge book, making it one of the most highly-geared
> roducers to the gold price. He added that it was expected
> to gain approval this week for a full listing on the
> Australian stock exchange, raising expectations that it
> may be planning paper acquisitions there.
>
> Wellesley-Wood declined to confirm whether acquisitions
> were planned in Australia but said the group was looking
> to grow through a mixture of mine purchases and the
> development of existing assets.
>
>"We are not aiming to get big for the sake of it but will
> continue our strategy of buying cheap assets that other
> producers consider non-core," he added....
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