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To: Bobby Yellin who wrote (17964)	9/7/1998 3:43:00 PM
From: goldsnow	Read Replies (3) \| Respond to of 116798

Bobby, sorry to disappoint you ..:) Let me attempt to start the process of rehabilitation... .Watched Rowand Atkinson (Mr. Bean) show yesterday..He started something like that "Every day he goes to work y subway...Soon he gets bored...Than he tries to find the most respected gentlemently looking passenger and blows gently into his right ear....than in his left ear...First the gentlemen decides that he is a draft..but not for long as he soon put his two fingers in his nose..."

To: Bobby Yellin who wrote (17964)	9/7/1998 4:01:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116798

India infrastructure growth to boost copper use 12:07 p.m. Sep 07, 1998 Eastern By Anshuman Daga BOMBAY, Sept 7 (Reuters) - The Indian government's effort to develop infrastructure will boost local copper demand, a senior official of Swil Industries Ltd (SWIL.BO) said on Monday. ''As the finance minister said, with the Resurgent India Bond inflows coming in, all the money will go to fund infrastructure projects,'' said Anil Khaitan, vice-chairman of Swil. ''And where there is telecom and power, you need to use copper,'' Khaitan told Reuters in a telephone interview. The Resurgent bond issue - launched by the State Bank of India (SBI.BO) last month - was exclusively sold to expatriate Indians and raised around $4.16 billion. Finance Minister Yashwant Sinha has said the resources from the bond will be used to upgrade key infrastructure. The federal budget for 1998/99 (April-March) announced on June 1 had a 35 percent increase in spending on key infrastructure projects to 611.46 billion rupees ($14.38 billion). Indian copper demand is expected to grow at about seven percent annually based on the government's Planning Commission forecasts, Khaitan said. Swil, a diversified Indian group, has put up a 50,000 tonnes per annum copper cathode plant in the western state of Gujarat. Khaitan said trial production at the plant had been delayed to December from August-September due to delays in getting loans. The delay in the commissioning of the firm's copper project would increase the total cost to 6.10 billion rupees from 5.95 billion. Swil plans to export 40 percent of its copper output and is targetting Asian countries. ''Our Singapore office will handle the exports. We have also received enquiries from the United States and Western Europe.'' About 10 percent of output would be for consumption at Swil's strip mills. ''We will be catering to the continuous cast rod industry, the mints which make coins and the construction industry,'' Khaitan said. Swil has imported raw materials for the project, he said. The plant is expected to function at 70 percent capacity in the first year. It will produce 35,000 tonnes of LME A grade copper cathodes. ($1 - 42.54 Indian rupees) ((Bombay commodities, +91 22 265-9000 fax +91 22 264-1699, Bombay.newsroom+reuters.com)) Copyright 1998 Reuters Limited.