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To: Gary Korn who wrote (36716)	2/27/1998 4:30:00 PM
From: Glenn D. Rudolph	Respond to of 61433

ICC Rules AT&T Engaged in Anti-Competitive Activities in Response to Ameritech Complaint PR Newswire - February 27, 1998 15:24 AIT %TLS V%PRN P%PRN CHICAGO, Ill., Feb. 27 /PRNewswire/ -- The following was issued today by Ameritech: The Illinois Commerce Commission (ICC) found today that AT&T has impeded competition in the market for dedicated access telecommunications services in Illinois. The ICC's ruling is in response to a recent complaint Ameritech filed. The Commission stated that AT&T's "Shared Customer-Provided Access" (SCPA) policy for interconnection of dedicated access traffic between AT&T and Ameritech's central offices is unnecessary, anti-competitive and discriminatory, and violates the Public Utilities Act. AT&T's SCPA policy requires Ameritech and other providers to needlessly divide their dedicated access services traffic and install an additional, duplicative set of facilities in a separate area within AT&T's points of presence in Illinois whenever the customer purchases those services from Ameritech rather than from AT&T. "We're pleased that the Commission has agreed with Ameritech that AT&T's conduct was anti-competitive and we applaud the ICC for swiftly implementing stern remedy," said Douglas L. Whitley, President of Ameritech Illinois. "It is clear," wrote the Commission, "that the SCPA policy has several anti-competitive effects, including unnecessarily increasing competitors costs of service, decreasing competitors network efficiencies and economies of scale, increasing the risk that competitors will be left with stranded capacity, and making it much more difficult for competitors to serve their dedicated access customers in a timely, efficient manner." The ICC also ruled that AT&T must tariff the SCPA policy once it is revised. Wrote the Commission, "The terms and conditions of those tariffs should clearly list all procedures involved as well as the information AT&T expects from those carriers to complete a successful collocation process." The complaint Ameritech filed on December 1, 1997, charged that AT&T's SCPA policy discriminated against Ameritech and other dedicated access service providers in Illinois because it added unnecessary expenses and delayed their ability to quickly provision services. Ameritech proved that AT&T's SCPA policy is a lengthy, costly and unpredictable process which is inconsistent with fair competition. Ameritech (NYSE: AIT) serves millions of customers in 50 states and 40 countries. Ameritech provides a full range of communications services, including local and long distance telephone, cellular, paging, security monitoring, cable TV, Internet services and more. One of the world's 100 largest companies, Ameritech (www.ameritech.com) has 74,000 employees, 1 million shareowners and more than $25 billion in assets. SOURCE Ameritech /CONTACT: Lisa Kim of Ameritech Illinois, 312-220-2377, or lisa.s.kim@ameritech.com/ /Web site: ameritech.com (AIT)

To: Gary Korn who wrote (36716)	2/27/1998 6:54:00 PM
From: Glenn D. Rudolph	Respond to of 61433

*****OT******* Barrick says ups Chile's Pascua gold find reserves Reuters Story - February 27, 1998 18:10 %GOL %GDM %LATAM %LDC %AR %MET %CA ABX.TO V%REUTER P%RTR By Tiffany Woods SANTIAGO, Feb 27 (Reuters) - Canada's Barrick Gold Corp has increased the reserves on its Pascua gold project in northern Chile, a company official said on Friday. The firm increased its proven and estimated reserves to 11.2 million ounces of gold from 10 million ounces, Vincent Borg, vice president of corporate communications, told Reuters. Its silver reserves stand at 335 million ounces, and it has another six million ounces of geological resources, he said. Barrick has doubled Pascua's production estimate to 800,000 ounces of gold equivalent a year and forecasts cash costs of $190 per ounce, down from an earlier estimate of $240, he said. It is tentatively expected to start producing in 2001. Barrick has no plans to slow or stop the project despite the low price of gold, Borg said. Construction on the road to the deposit is underway and expected to be completed in August, he said, adding that Barrick will submit the environmental impact study in the third quarter of this year. The Pascua project is about 310 miles (500 km) north of Santiago and has an extending ore body on the neighboring Lama property, which spills across the border into Argentina.