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Gold/Mining/Energy : Tenke Mining Corp (TNK) -- Ignore unavailable to you. Want to Upgrade?

To: Gofer who wrote (243)	9/8/1998 4:30:00 PM
From: Tomas	Respond to of 486

Tenke Mining: Adolf H. Lundin Appointed President VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Sept. 8, 1998-- Tenke Mining Corp. (the ''Company'') announces that Mr. Adolf H. Lundin has been appointed President and Chief Executive Officer of the Company. Mr. Lundin replaces Mr. Philip J. Wright who remains a director of the Company and will continue as a full time employee of the Company in the capacity of Project Manager of the Tenke Fungurume Project. The Tenke Fungurume copper/cobalt concessions are estimated to contain over 500 million tonnes of global resources grading 3.5 percent copper and 0.27 percent cobalt with significant further exploration potential. Although not yet final, capital costs are estimated to be US$475 million, including owners costs, pre-production and contingency. It is anticipated that when Tenke is developed, it will not only be one of the largest but also among the world's lowest cost producers of copper and cobalt. With a cobalt credit of U.S.$10.00 per pound, estimates of copper cost production are US$0.06 per pound. ON BEHALF OF THE BOARD Adolf H. Lundin, President biz.yahoo.com