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METALL MINING CORPORATION ISSUES STATEMENT

 TORONTO, Jan. 6 /PRNewswire/ - Dr. Kajo Neukirchen, chairman of the executive board of Metallgesellschaft AG ("MGAG") and Dr. Klaus Zeitler, president and chief executive officer of Metall Mining Corporation ("MMC") today issued a statement to clarify recent news reports in connection with the proposed financial restructuring of MGAG.
 At a recent meeting with MGAG's bankers, Dr. Neukirchen submitted a financial restructuring plan. This plan does not contemplate the sale by MGAG of its investment in MMC or the sale of any other assets. Dr. Neukirchen emphasized the need for MGAG to concentrate on its core business and referred to a sale of various assets only to indicate a possible future course of action.
 Dr. Neukirchen today emphasized that MGAG has not taken a decision to sell its interest in MMC, and that no such decision will be taken in the short term.
 Dr. Zeitler confirmed that MMC is carrying on business as usual. The company is in a strong financial position and continues to pursue aggressively business development opportunities.
 -0- 1/6/94
 /CONTACT: Dr. Klaus Goeckmann, chairman of the executive board of Metallgesellschaft AG, Frankfurt, 69-159-0, or Dr. Klaus Zeitler, president and chief executive officer of Metall Mining Corporation, Toronto, 416-361-6400/


CO: Metall Mining Corporation; Metallgesellschaft AG ST: Ontario IN: MNG SU:

TM -- NY099 -- 9930 01/06/94 17:31 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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