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TREMONT ANNOUNCES SECOND QUARTER 1993 RESULTS

 DENVER, July 27 /PRNewswire/ -- Tremont Corp. (NYSE: TRE) reported a loss from continuing operations for the second quarter of 1993 of $2.0 million, or 28 cents per share, on sales of $39.7 million compared to a loss from continuing operations of $7.5 million, or $1.01 per share, on sales of $37.6 million for the second quarter of 1992. The company's loss from continuing operations for the first half of 1993 was $36.2 million, or $4.92 per share, on sales of $79.3 million compared to a loss of $14.1 million, or $1.92 per share, on sales of $70.1 million in the first half of 1992.
 Titanium metals sales revenue increased 6 percent in the second quarter and 13 percent in the first half of 1993 compared to the corresponding 1992 periods. Titanium metals reported $.3 million of operating income in the second quarter and an operating loss of $1.3 million for the first half of 1993. The improvement in operating results reflects increased sales volume and operational efficiencies. The titanium metals business continues to be adversely affected by recessionary economic conditions, excess world capacity, adverse selling price pressures, reductions in both military aircraft and commercial airline industry spending, and the availability of relatively inexpensive titanium scrap and sponge from the Commonwealth of Independent States.
 The company's 1993 results include a loss attributable to its equity interest in NL Industries Inc. of $5.7 million in the second quarter and $38.1 million in the first half of 1993. The 1993 loss includes a previously reported $29-million charge to earnings in the first quarter for an other than temporary impairment in the market value of NL Industries. The company expects to report a loss for calendar year 1993 related to its equity interest in NL.
 As previously reported, the company sold its interest in a gold exploration venture during the second quarter of 1993 for $5.5 million. The company expects to complete the sale of its bentonite mining business in late July for $20 million cash and expects to report a pre-tax gain of approximately $11 million. The company's bentonite mining results are reflected as discontinued operations.
 The company's income taxes vary from the U.S. statutory rate of 34 percent due principally to losses for which no benefit is currently available.
 Tremont, headquartered in Denver, is a leading integrated producer of titanium metal products. Tremont's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "TRE."
 TREMONT CORP.
 Summary of Consolidated Operations
 (In millions, except per share data)
 (Unaudited)
 Quarter Ended Six Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Net sales $39.7 $37.6 $79.3 $70.1
 Operating income (loss) $.3 $(3.1) $(1.3) $(7.0)
 General corporate items:
 Sale of gold exploration
 venture 5.5 --- 5.5 ---
 Other, net (.4) (1.6) (.7) (2.4)
 Interest expense (1.3) (1.1) (2.0) (1.9)
 Income (loss) before equity
 in NL 4.1 (5.8) 1.5 (11.3)
 Equity in loss of NL, including
 provision for market value
 impairment in 1993 (5.7) (2.4) (38.1) (4.5)
 Loss before income taxes (1.6) (8.2) (36.6) (15.8)
 Income tax benefit (expense) (.4) .7 .4 1.7
 Loss from continuing
 operations (2.0) (7.5) (36.2) (14.1)
 Discontinued operations .2 .3 .3 .6
 Cumulative effect of changes
 in accounting principles --- --- --- (31.9)
 Net loss $(1.8) $(7.2) $(35.9) $(45.4)
 Income (loss) per common share:
 Continuing operations $(.28) $(1.01) $(4.92) $(1.92)
 Discontinued operations .03 .04 .04 .08
 Cumulative effect of changes
 in accounting principles --- --- --- (4.34)
 Net loss $(.25) $(.97) $(4.88) $(6.18)
 Weighted average common
 shares 7.4 7.4 7.4 7.3
 -0- 7/27/93
 /CONTACT: Mark A. Wallace of Tremont, 303-296-5651/
 (TRE)


CO: Tremont Corp. ST: Colorado IN: MNG SU: ERN

BB -- DV007 -- 6519 07/27/93 19:45 EDT
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Date:Jul 27, 1993
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