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BENGUET'S ANTAMOK GOLD PROJECT SET FOR COMMERCIAL PRODUCTION

 BENGUET'S ANTAMOK GOLD PROJECT SET FOR COMMERCIAL PRODUCTION
 MANDALUYONG, Metro Manila, Dec. 20 /PRNewswire/ -- Dennis R. Belmonte, president and chief executive officer of Benguet Corporation (NYSE: BE), announced that the company is scheduled to declare the Antamok Gold Project in commercial operation by January 1992 after debugging of the company's Antamok Gold Project which started last Oct. 14, 1991, is completed this year-end, and barring any unforeseen problems. The expected average production of the Antamok Gold Operations is approximately 7,000 oz. gold/month milling 3,500 tons of ore per day. The total overall cost of the project upon completion is estimated at P965 million before financing charges.
 -0- 12/20/91
 /CONTACT: Robert V. Schnabel, U.S. Counsel, Benguet Corporation, 202-638-2241/
 (BE) CO: Benguet Corporation ST: IN: MNG SU:


SB -- DC003 -- 4271 12/20/91 10:11 EST
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Publication:PR Newswire
Date:Dec 20, 1991
Words:140
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