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Gold/Mining/Energy : Champion Resources - CHL.vse
CHL 27.510.0%Sep 27 5:00 PM EST

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To: rdww who wrote (68)11/2/1999 12:10:00 PM
From: rdww   of 176
 
from canna notes this am

HEADLINERS

CHAMPION RESOURCES ("CHL-V") - Capacity Doubled at 100% owned Farim
phosphate project in Guinea Bissau, West Africa. Due to strong
international phosphate rock markets and forecasts of increased
demand, the planned production rate at Farim has been doubled to 1.5
million tonnes of phosphate rock concentrate per annum. Accordingly,
the proposed project mine and processing facility will be designed to
achieve this production rate within 12 months of initial commercial
production. Champion continues to target the 1st quarter of 2000
for commencement of the design and construction stage of the project.
Production startup is forecast to occur in the 3rd quarter of 2000.
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