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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (10826)	7/11/1999 12:40:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 18998

Something different, one year ago, 10 miners died in a terrible accident in styrian caverns next to the small village of Lassing, where talc has been mined for decades. The accusations reach to illegal drilling in the underground so that the soil got instabile. As a result the surface over a range of a few hectares collapsed, making the land and the buildings unusable. The 10 miners presumably died when water flooded the caverns amidst the burst when they tried to rescue one miner who missed the last elevator up. Most of the miners, aged between 25 and 45 had families with dependents. The one miner was captured for 18 days in a hole almost 100 meters beyond the surface. By luck he has been saved alive and unhurt when the national oil company applied a last drilling and received noise over a microphone which was let down into the cave. ...However since that incident he suffers severe mental distress. Luzenac, an affiliate of Rio Tinto Zinc which owns that mining facility since refuses to support the recovery of the dead miners out of the still flooded caverns as an official of Talc de Luzenac, Mr. Talmon pointed out recently. Additionally they do neither affirm nor deny a stop of the mining in the area. Little is known about commitments regarding sewerance payments to the families and former homeowners. As a consequence, shares of RTZ should be avoided and mails expressing the protest should be sent to RTZ / Luzenac officials. Additional information will be provided by us upon request. is.com