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Gold/Mining/Energy : Gold Price Monitor
GDXJ 108.29-0.9%4:00 PM EST
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To: d:oug who wrote (52850)5/18/2000 11:29:00 AM
From: richard badauskas  Read Replies (1) of 116790
 
The new code is GOWTY (30 Aussie shares for one ADR). The new GOWTY ADR's were created to assist with a planned US listing. The main thrust of the business is environmental remediation with a focus on oil/water separation and liquid separation (IC-SEP liquid separators and OWS oil separators). There is a secondary focus on soil remediation with an aim to clean up toxic lead sites using "enviroclean" and GPProcess for cleaning up acid minewater after mining activities.

Geo2 started out trying to develop new environmentally friendly processes to recover gold. This research led to Enviroclean and GPProcess. The China gold projects allow Geo2 to trial its patented non-cyanide gold process away from public scrutiny. These processes have also led to the development of the US JV with METSS which has developed a process to extract plastics from computer circuit boards. Geo2 has added its "demetalizing" technology to recover the metals in an environmentally friendly way. The Australian Government is funding 50% of the cost of the first pilot plant which will be up and running towards the end of this year. This funding is thru' a cash grant to Geo2. For more information please visit aircommunications.net
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