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HANSON TO EXCHANGE GOLD ASSETS FOR SANTA FE COAL AND QUARRY PROPERTIES

 NEW YORK, Jan. 25 /PRNewswire/ -- Lord White, Chairman of Hanson Industries, the U.S. arm of Hanson PLC (NYSE: HAN), announced today an agreement with Santa Fe Pacific Minerals Corporation, a subsidiary of Santa Fe Pacific Corp., and certain of its affiliates to exchange the gold assets of Hanson's Gold Fields Mining Company for the coal and quarry assets of the Santa Fe companies. The Santa Fe assets to be received by Hanson include the Lee Ranch surface coal mine near Albuquerque, New Mexico together with approximately 700 million tons of predominantly low-sulphur coal reserves, some of which are subject to leases generating substantial royalty income, and six aggregate quarries located in the western and southwestern United States. The transaction is subject to certain governmental approvals and other consents.
 Gold Fields Mining Company operates the Chimney Creek gold mine in Humboldt County, Nevada, the Mesquite gold mine in Imperial County, California, and holds rights to a number of sites currently under exploration. Hanson's Chimney Creek gold mine in Nevada is adjacent to the Rabbit Creek gold mine operated by Santa Fe. For the fiscal year ended September 30, 1992, Gold Fields Mining Company reported pre-tax profits of $52 million on sales of $189
million. Tangible net asset value of the gold assets included in the agreement approximate $150 million. Hanson anticipates no significant gain or loss as a result of this transaction.
 The Lee Ranch mine, which began operations in 1984, produced 4.1 million tons of coal in 1991 which was sold principally under long-term contracts with electric utility customers in the southwest. The six quarries included in the transaction produced approximately 2.9 million tons of aggregates in 1991. For the fiscal year ended Dec. 30, 1991, the coal and quarry segments of the Santa Fe companies reported pre-tax profits of approximately $53 million. Tangible net asset value for the Santa Fe properties included in the agreement approximate $131 million.
 The coal assets that Hanson will receive will complement and be separately managed by Hanson's Peabody Holding Company. In addition, the quarries complement and will be managed by Hanson's existing Beazer operations.
 David H. Clarke, deputy chairman and chief executive officer of Hanson Industries, said, "This exchange expands our assets in coal and aggregates, two industries in which we are a leader in North America and in which we intend to grow. Santa Fe will receive a similar benefit by significantly adding to their existing gold mining business."
 Hanson PLC is a British-American industrial management corporation. In the U.S., in addition to Peabody Holding Company and Beazer USA, Hanson Industries' operations include SCM Chemicals, Cavenham Forest Industries, Grove Crane, Jacuzzi, Tommy Armour Golf, Ames Tools, Farberware Cookware, and Hanson Lighting Group, among others.
 In the United Kingdom, Hanson's holdings include Imperial Tobacco, ARC Aggregates, London Brick, Butterly Brick, Beazer Homes and Smith Meters.
 -0- 1/25/93
 /CONTACT: Mickey Foster of Hanson Industries, 908-603-6977/
 (HAN)


CO: Hanson Industries ST: New York IN: MNG SU:

KD -- NY103 -- 8806 01/25/93 18:26 EST
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Date:Jan 25, 1993
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