Filed by Leucadia National Corporation
                           Pursuant to Rule 425 under the Securities Act of 1933

                                           Subject Company: MK Resources Company
                                                     Commission File No. 0-23042


On August 8, 2005, Leucadia National Corporation ("Leucadia") filed with the
Securities and Exchange Commission Amendment No. 12 to its Statement on Schedule
13D with respect to the shares of common stock, par value $0.01 per share (the
"Common Stock"), of MK Resources Company (formerly MK Gold Company) ("MK
Resources") to disclose the following information:

On August 8, 2005, MK Resources issued a press release (the "MK Resources Press
Release") announcing the declaration by the board of directors of MK Resources
of a dividend of one deferred valuation right (a "DVR") per share on the Common
Stock payable to all stockholders of record at the close of business on August
18, 2005 (the "Record Date"). As stated in the MK Resources Press Release, each
DVR will entitle a stockholder of record on the Record Date to receive an amount
equal to its pro rata share of the proceeds, if any, after deducting all
expenses, from the orderly sale of the 4,821,905 common shares of Bear Creek
Mining Corporation ("Bear Creek") owned by MK Resources, after deducting from
such net sale proceeds $2,804,327 (the aggregate market value of 4,821,905 Bear
Creek common shares at May 2, 2005, based on the closing sale price for Bear
Creek common shares on that date).

On August 8, 2005, Leucadia consented to the declaration and payment of the
dividend of the DVR, and waived any breach by MK Resources of any of its
representations, warranties, covenants or agreements set forth in the Agreement
and Plan of Merger, dated as of May 2, 2005, among Leucadia, MK Resources and
Marigold Acquisition Corp. ("Merger Sub"), and the Credit Agreement, dated as of
March 1, 1998, as amended, between Leucadia and MK Resources, or any default
under those agreements that may result, directly or indirectly, as a result of
the declaration or payment of the dividend of the DVR.

The MK Resources Press Release also announced MK Resources' agreement to provide
certain contractual appraisal rights to all record stockholders of MK Resources
who continuously hold shares of Common Stock through the effective time of the
proposed merger of Merger Sub, a wholly owned subsidiary of Leucadia, with and
into MK Resources pursuant to the Merger Agreement (the "Merger").


In connection with the proposed Merger, Leucadia has filed a registration
statement (File No. 333-125806) with the Securities and Exchange Commission (the
"SEC"). MK RESOURCES STOCKHOLDERS ARE URGED TO READ CAREFULLY THE REGISTRATION
STATEMENT, INCLUDING THE PROXY STATEMENT/PROSPECTUS INCLUDED THEREIN, AND THE
OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER FILED WITH THE SEC BECAUSE THEY
CONTAIN IMPORTANT INFORMATION RELATING TO THE MERGER. Free copies of these
documents and other documents containing information about Leucadia and MK
Resources, may be obtained without charge, at the SEC's website at www.sec.gov.
Free copies of Leucadia's filings may also be obtained by directing a request to
Leucadia National Corporation, 315 Park Avenue South, New York, New York 10010,
Attention: Corporate Secretary, and free copies of MK Resources' filings may
also be obtained by directing a request to MK Resources Company, 60 East South
Temple, Suite 1225, Salt Lake City, Utah 84111, Attention: Secretary.

Leucadia, MK Resources and their respective directors and executive officers and
other members of management and employees may be deemed to be participants in
the solicitation of proxies from stockholders of MK Resources in respect of the
proposed Merger. Information regarding Leucadia's directors and executive
officers is available in Leucadia's proxy statement for its 2005 annual meeting
of stockholders, dated April 22, 2005, and information regarding MK Resources'
directors and executive officers is available in MK Resources' Form 10-K/A for
the fiscal year ended December 31, 2004, dated April 28, 2005. Additional
information regarding the interests of such potential participants is included
in the registration restatement, and the proxy statement/prospectus included
therein, and the other documents relating to the proposed Merger filed with the
SEC.