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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play
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To: steve who wrote (201)1/4/2000 8:28:00 AM
From: Winzer   of 343
 
A Ringing Endorsement from Today's Cape Breton Post?

Steel union official believes consortium a
good mix
By Wes Stewart
The consortium involved in buying Sydney Steel is a blend
rail and steel products manufacturers which is crucial if the
company is to increase business, Bill McNeil said
Monday.

While Local 1064 United Steelworkers Union don't know
a lot about the new owners, the union president expects he
will be meeting some of them when they arrive at the plant
this week.
McNeil said they don't know a lot about the new owner
Rail Associates, they first heard the name Friday. The
union had some knowledge about Reserve Group of
Akron, Ohio, the front runner in initial negotiations for the
plant.
Reserve Group is involved in steel making for the
manufacturing and automotive industries, McNeil said.
Another player Corus Consulting Ltd. (formerly
Hoogovens Technical Services) has managed the plant for
more than a year.
“Hoogovens have been here for a while. They know what
it will take to make it profitable.”
Titanium Corp. is a key player because it may use the plant
to extract titanium oxide they found in a mineral sands
deposit on the mainland. A byproduct in the smelting
process is iron ore.

Winzer
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