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Gold/Mining/Energy : Free for all as quebec nickel-copper rush is on

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To: nammir chucri who wrote (103)	12/12/1996 11:59:00 AM
From: stak	of 138

say nammir do you have the goods on mazarin? they are buying shares back and seem on track for growth. any thoughts on their history or future prospects? Mazarin Mining Corporation Inc. Jean St-Jacques Vice-President, Investor Relations (418) 694-1123 mazarin.qc.ca NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: MAZARIN MINING CORPORATION INC. ME;TSE SYMBOL: MAZ DECEMBER 12, 1996 Mazarin Builds its First Calcium Aluminate Plant QUEBEC, QUEBEC--Mazarin Mining Corporation Inc. ("Mazarin") is proud to announce that its first calcium aluminate plant will be located at Thetford Mines. The construction of the plant began today and will be completed in June 1997. The project will require an investment of $6.5 million in fixed assets. The plant will create 25 new jobs and will have an initial output capacity of 30,000 tons. Mazarin acquired last September the patent to produce calcium aluminate by mixing calcium carbonate with byproducts created from dross processing in aluminum plants. It then signed a long-term agreement with Alcan Aluminium Limited's Guillaume-Tremblay dross processing plant to supply Mazarin with the byproducts. Calcium aluminate is used primarily by the steel industry as a dross enhancer in molten steel. This chemical compound therefore allows for improved refining of steel as its final stage. Developed over the last three years, this process has already produced 5,000 tons of calcium aluminate of excellent quality and at a very competitive cost. All the steel mills that tested this product were very impressed by its efficiency. The Corporation appreciates the great contribution of the City of Thetford Mines to the project and would also like to thank Mayor Henri Therrien and his staff for their assistance. The realization of this first calcium aluminate plant serves as another concrete example of the corporate diversification strategy. Mazarin, with its strong financial position, intends to continue analyzing projects that support its commitment to growth, in line with the Corporation's mission.

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