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Gold/Mining/Energy : Falconbridge Ltd.( T.FL ) -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (52)	7/21/2000 6:53:11 PM
From: Condor	Read Replies (1) \| Respond to of 103

Falconbridge Ltd FL Shares issued 177,041,400 2000-07-11 close $17.4 Wednesday Jul 12 2000 Ms. Caroline Casselman reports Falconbridge has reached a tentative agreement with the Broken Hill Proprietary Company Ltd. (BHP) on the formation of a joint venture which may lead to the development of the Gag Island nickel laterite project in Indonesia. A number of matters need to be resolved before the joint venture can become effective. If they are resolved, Falconbridge may spend $75-million (U.S.) to earn a 37.5-per-cent interest in the Gag Island nickel project. The Gag Island nickel project is located in the Republic of Indonesia. The current resource estimate, which contains both oxide and silicate laterite zones, is estimated by BHP to be 240 million tonnes averaging 1.35 per cent nickel. At this stage there is no commitment to proceed with the project beyond the feasibility study. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com