Jean-Claude Gandur Toronto
Swiss Based Addax
& Oryx African Oil Trading Co owned Adryx Mining &
Adryx owned 50% of Samax which was sold
to Ashanti. Jean-Claude Gandur was with
So Gandur was Chairman of Samax which, when sold to
ASL, Gandur became an employee of Adryx which started
the lawsuit against ASL.
Looks like Mr.
Gandur has an extreme dislike for Mark Keatley, probably
through prior experience, and wants Keatley out.
Gandur will be the new Chairman of the ASL board. I
wonder if Gandur knows anyone at Barrick ?
Dr. Michael Martineau would make a good director
also. Who knows ? My opinion only. Regards : Maddog
Is not the fact that I might loss a big chunk of
wealth or at best get my money back but just the endless
waiting and not knowing which way things are going to
If I had one wish it would be "F****** HURRY UP"
I happily accept the nomination for a seat on the
ASL board. Hope you will forgive my hairlip so when i
speak 'Mark! Mark! Mark!' I am not calling Mark
Keatley, it means 'Bark! Bark! Bark!' - Thanks for priv.
I would be proud to serve as their propaganda
Everybody see this? Let's hope the theme for business year
2000 is: Revenge of the Hard Assets.
commodities world order urged at U.N. meeting
BANGKOK, Feb 12 (Reuters) - A new
international initiative is needed to stop depressed world
commodity prices from damaging the main producers --
developing nations, an expert told a meeting of a key U.N.
body on Saturday.
Commodities prices in
general have remained depressed since falling sharply in
the early 1980s leading to huge trade losses and
resulting in rising debt for producers, said Alfred
Maizels, a specialist from Britain's Oxford University.
"A continuation of these depressed price levels
would be very damaging for such countries as it would
further limit their growth potential and undermine
efforts at domestic policy reform, debt restructuring and
external resource mobilisation," he said.
was speaking to delegates, including many ministers
and trade negotiators, from developed and developing
countries just before the opening of the four-yearly
conference of UNCTAD, the U.N.'s trade and development
Commodity problems of developing
countries had received little attention at international
forums for the past two decades, Maizels said.
"It would now seem timely for this issue to be given
serious consideration by the international community," he
"A new initiative in the commodities
field should give priority to raising the depressed
levels of prices of major commodities exported by
developing countries," he said.
restrictive monetary policies in main industrial countries to
reduce inflationary pressures in the 1980s had hurt
their economies and raw material demand, scuttling
prices of commodities from developing nations.
Maizels said substantial growth in the volume of
commodity exports from poorer states, by over 40 percent
from 1980 to 1990, had depressed prices further.
"A foreign exchange squeeze -- largely a result of
the earlier collapse of commodity prices -- together
with high interest charges on foreign debt and virtual
cessation of new commercial loans...put pressure on
commodity exporting countries to expand exports," he added.
Maizels said without a new global commodities initiative
and in the absence of "safety nets" from
international commodity agreements, a way to alleviate the
plight of poor commodity producers would be for them to
reduce or even cease to produce.
But that would
contract real incomes and add to deflationary forces in
the world economy.
Producers could diversify
into processing their own commodities, but to make
that a success steps would need to be taken in future
World Trade Organisation negotiations to reduce
barriers to rich country markets.