/ 29 July 1999

ONLY THE BRAVE

THE world’s largest gold mining company, AngloGold Ltd, said on Tuesday that depressed bullion prices are presenting acquisition opportunities. Bullion prices have crashed to their lowest level in 20 years amid concerns that official reserves held by central banks and other institutions will increasingly be unleashed on the world market. “History has taught us that a low point in the price cycle is a very good time for anybody to go out and seek out those opportunities, particularly for those who are brave enough to take the longer term view,” Ian Cockerill, AngloGold’s executive officer for business development, said.