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Beach gold spin off on track

Due to interruptions caused by the Christmas holiday season, Beach Petroleum has informed the mar...

Beach Petroleum is divesting its gold assets and sponsoring a new gold company, Ramelius Resources Limited, which intends to seek listing on the Australian Stock Exchange in March 2003.

Beach will retain a shareholding in the new company and a priority offer has been made to the company's shareholders to participate in the Initial Public Offering of shares in Ramelius Resources.

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