/ 1 July 1999

CAM FIRMLY IN THE BLACK

MINING company Consolidated African Mines (CAM) Wednesday reported an attributable profit of R132,5 million for the past financial year. This came after a loss of R178,6 million for the nine months to March 1998, the company said in a statement. CAM owns 64% of JCI Gold and has shares in the prominent Western Areas and Randfontein Estates mines. CAM chief executive Brett Kebble attributed the surge in earnings to a vigorous clean-up of its portfolios. CAM and JCI Gold also announced they are selling their diamond assets to the New Mining Corporation in a R273,4-million deal. New Mining said the deals could make it a substantial player in the global diamond industry.