re: article in egoli
Tidbits: +MIM – A few points to note for the next couple of weeks that will finally pave the way for a bid. The South African Money Bill is due to be released in the next Day or so which will clarify the royalty regime and therefore the an easier assessment of the value of Xstrata shares. The impact of the royalty program, based on Xstrata’s 2002 turnover and a rate of 3% is likely to be around US$22m, could be around 12% reduction in EBIT. Clearly they have a need to diverisify out of Africa.
