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Gold/Mining/Energy : International Panorama

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To: ROY SENDELE who wrote (174)	1/12/1998 10:39:00 PM
From: rdww	Read Replies (1) of 264

the price that ILP can process the Cu and Co at is cheaper than today's price. They say that they are okay w/ $6 Co and .45 Cu. The recent problems w/ AMZ and TNK will only slow down start up time for both of these companies. This is good - since it will allow ILP some time to run before price pressure comes to bear. ILP is also looking at more large base metal projects in DRC. They have - as they say in their release - a good relation w/ the DRC + Gec + they have the 2nd? in command at the DRC mines ministry on thier bd. Much better setup than AMZ has / had.

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