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Gold/Mining/Energy : GROUPE LAPERRIERE & VERREAULT LV.A LV.B

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To: David Michaud who wrote ()	5/4/2000 8:13:00 AM
From: David Michaud	of 2

GL&V awarded contract in India Laperriere & Verreault Inc (Groupe) LV.B Shares issued 4,413,031 2000-05-02 close $6.5 Wednesday May 3 2000 Mr. Greg Bruyea reports The company's subsidiary, GL&V/Dorr-Oliver GmbH (Wiesbaden, Germany), will contribute to the delivery of a turnkey order valued at more than $14-million (Canadian), including the engineering, supply, erection and commissioning of seven thickener tanks and a range of complementary equipment ordered by the Indian company National Aluminium Co. Ltd. (NALCO). It is agreed that GL&V/Dorr-Oliver GmbH will carry out this contract in co-operation with its local partner Hindustan Dorr-Oliver Ltd., India. GL&V/Dorr-Oliver GmbH will execute approximately 40 per cent of the total order. This large-scale equipment order is an integral part of NALCO's expansion program aimed at doubling the production capacity of its Damanjodi plant from 800,000 tons to 1.57 million tons annually. GL&V/Dorr-Oliver GmbH is a subsidiary of GL&V's Process Group whose products and services are targeted to various strategic markets such as the chemical, metallurgy, mining and environmental industries.

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