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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (10164)	4/16/1998 7:37:00 PM
From: Herb Duncan	Read Replies (1) of 15196

SERVICE SERCTOR / Newalta Acquires Waste Oil Collection Network TSE SYMBOL: NAL APRIL 16, 1998 CALGARY, ALBERTA--NEWALTA CORPORATION (NAL - TSE) - announces that it has acquired Loraas Disposal's waste lube oil collection assets located throughout the Province of Saskatchewan. Newalta has also acquired Go-For Used Oil Ltd.'s waste lube oil collection business located in the City of Regina. These acquisitions complement the October 1997 acquisition of RRR Environmental Services Ltd., which operates a waste lube oil collection and processing facility in Regina. Newalta is well positioned to expand its business in the Saskatchewan market. Newalta is a western Canadian waste management company.

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