Another mention on...

Another mention on Miningmx

http://www.miningmx.com/special_reports/conf_cover/digg_deal/351870.htm


Former Harmony man turns up again
Brendan Ryan
Posted: Wed, 08 Aug 2007
[miningmx.com] -- ONE of the fun aspects of mining conferences is who you unexpectedly bump into – such as retired Harmony executive director – and former head of its Australian operations – Ted Grobicki who seems very much back in harness.


Spotted holding a Crown lager at yesterday evening’s “traditional bash” at the Diggers and Dealers Mining Forum in Kalgoorlie, Grobicki revealed that he is now the chairman of Australian gold company Dioro Exploration.

Dioro has just bought the South Kal mines from Harmony paying A$45m which was settled by paying $25m in cash and issuing 160 million Dioro shares with a value of $20m.The South Kal mines situated near Kalgoorlie currently produce some 80,000oz of gold annually and have a resource estimated at about 1.9 million oz.

Replying to the obvious question – was he involved in negotiating the deal ? – Grobicki replied: “Yes, I did play a sort of Kissinger role between the two companies.”