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                                                                   Exhibit 10.34






COMMERCIAL CONTRACT No. CO/265/97 March 1997




Between:

1    LA GENERALE DES CARRIERES ET DES MINES a corporation duly incorporated
     under the laws of Zaire.


And: OMG KOKKOLA CHEMICALS OY, a corporation duly incorporated under the laws of
     Finland (hereafter called "Buyer") of the second part.


     IT HAS BEEN AGREED AS FOLLOWS:

1    DEFINITION AND INTERPRETATION

1.1  DEFINITIONS

     Wherever used in this agreement unless the context otherwise requires:

     "Year" means calendar year commencing on 1 January and ending on 31
     December that year.

     "Concentrate Co-Cu or "Concentrate" "means the material defined in Clause 4
     hereafter.

     "Agreement" means this Agreement.

     "Business Day" means a day which is not a Saturday, Sunday or a public
      holiday in Finland or Zaire.

     "Delivered lot" means a lot of concentrate containing approximately 500 wmt
     from Kipushi or Luiswishi.

     "Received lot" means the concentrate received by OMG in Kokkola containing
     approximately 500 wmt.

     "Payable metals" are cobalt, copper or all other metals which are
     economically recoverable and agreed by both parties.

     "Month" means calendar month.

     "Quotational period" explained in Clause 8.2 hereunder.



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     "Project" defines Luiswishi project.

     "Average Cobalt Content" is defined in Clause 4 hereafter.  

     "Average Copper Content" is defined in Clause 4 hereafter. 

     "Ton" and "metric ton" means 2204,62 pounds avoirdupois 

     "WMT" means wet metric ton.

     "DMT" means dry metric ton.

     "USD" shall mean lawful money of the United States of America


2    SUBJECT
     Gecamines will deliver to OMG the monthly quantity of concentrate, defined
     in article 6 hereinafter according to the specifications defined in
     articles 3 and 4 hereafter, to 0MG Kokkola Chemicals in Finland.

3    MATERIAL TO BE DELIVERED
     Cobalt and copper metal content in the concentrate are defined in article 4
     hereinafter.

4    SPECIFICATIONS
     Gecamines agrees to sell and deliver and OMG agrees to purchase Co-Cu
     concentrate having the following characteristics assayed on a dry basis:

     **

     The parties can agree to modify the characteristics and possible conditions
     and add other payable metals.

5    DURATION 
     This agreement is in force for two years commencing on the date    of
     starting the production and deliveries (Article 17). OMG has the option to
     continue the contract until this material can be replaced by cobalt
     smelter alloy.

6    QUANTITY
     Gecamines shall deliver to OMG and OMG shall purchase from Gecamines
     300-400 t cobalt content in concentrate in accordance with the
     specifications in article 4,

7    DELIVERY
     The delivery term to OMG in Kokkola, Finland (DDU Incoterms edition 1990).
     Freight, charges, transportation and insurance to be charged from OMG. OMG
     will choose the transportation agent as well as the way of packing (big
     bags or bulk) after consulting Gecamines.



     ** Confidential treatment has been requested with respect to certain
     information contained within this document. Confidential portions are
     omitted and filed separately with the Securities and Exchange Commission
     pursuant to Rule 24b-2 of the Securities and Exchange Act of 1934.
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8        PRICE
         The price of concentrate is based on metal content and fixed according
         the following formulas

8.1      PRICE DETERMINATION
         OMG shall pay to Gecamines for the Cobalt and Copper in the
         concentrate. The price will be determined separately for each received
         Lot DDU Kokkola.

8.1.1    COBALT PRICE (PCO)
         Payable cobalt price for received lot is determined according the 
         following formula:


         **




8.1.2   Copper Price (PCu)

        Payable copper price for each received lot is determined according the
        following formula. 

        **

8.1.3   PRICE OF OTHER RECOVERABLE METALS

        **
8.2     QUOTATIONAL PERIOD
        The applicable Quotational Period for cobalt, copper and other metals
        is the month of arrival in Kokkola. 



     ** Confidential treatment has been requested with respect to certain
     information contained within this document. Confidential portions are
     omitted and filed separately with the Securities and Exchange Commission
     pursuant to Rule 24b-2 of the Securities and Exchange Act of 1934.

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8.3     PAYMENT

        After reception in Kokkola OMG will make the payment for received lots.
        Weighing and sampling is done according to the procedure described in
        article 9.2 for the quantities and that described in 8.1 and 8.2 for the
        currency in use. In any case the final payment shall be made in 30 days
        after QP. The title is passed from Gecamines to OMG at arrival in
        Kokkola. An advance net payment will be negotiated before the first
        shipments.

8.4     TAXES AND DUTIES
        Any and all taxes, and duties in Zaire relating to this Agreement shall
        be paid by Gecamines.

        Any and all taxes, and duties paid outside Zaire relating to this
        Agreement shall be paid by OMG.

8.5     ACCOUNT
        OMG will credit "Project Luiswishi" by opening an account at a bank
        approved by the parties of this project


9       WEIGHING, SAMPLING AND ASSAYING

9.1     WEIGHING, SAMPLING AND MOISTURE DETERMINATION IN KIPUSHI OR 
        LUISWISHI

        To be used for transportation and insurance invoicing purposes, only:

(a)     OMG and Gecamines shall confer and, before the first shipment, 
        shall adopt and record mutually acceptable methods of weighing, sampling
        and analysing.

(b)     The Co-Cu concentrate will be weighed, sampled and analysed in 
        Kipushi or Luiswishi at Gecamines costs. The shipment shall be divided
        in lots of approximately 500 tons. Each lot shall form a separate and
        complete delivery for all purposes under this Agreement

(c)     Sampling and analysing will be made using mutually agreed  methods. 
        Such weight and moisture content will be provisional for all purposes of
        this agreement. After weighing, sampling and analysing Gecamines will
        pass the results to OMG by telecopy.


9.2.    WEIGHING, SAMPLING AND MOISTURE DETERMINATION AT DISCHARGING PORT:

(a)     OMG and Gecamines shall mutually agree the methods of  weighing, 
        sampling and analysing before the first shipment. These shall be
        appropriate, based on internationally approved methods, defining exact
        weights, samples and analyses. 

(b)     The Co-Cu concentrate will be weighed and sampled at the discharging
        port at OMG's cost. Each received lot means a separate and complete
        delivery under this agreement. 



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(c)     Sampling and analyses are made according mutually agreed 
        analytical methods.

        Weighing and moisture will be determined according this contract. In
        case of arbitration demanded by either of the parties the procedure will
        be according art. (9.3). A total of five sets of samples shall be drawn
        from each lot and distributed as follows:

        - one set of samples for the OMG
        - one set of samples for Gecamines
        - one set of samples for eventual umpire analysis kept by OMG
        - one set of samples for eventual umpire analysis kept by Gecamines one
          set of samples for reserve kept by OMG

        During these operations Gecamines shall have the right to be represented
        at its own expense.

        After getting results OMG and Gecamines shall exchange the assays. If
        the assays are not ready in 30 calendar days, the analysis that is at
        disposal will be used for final invoicing. The invoice will be sent by
        telecopy to OMG and the original by courier They shall be final and
        binding for both parties of this agreement.

        For each lot of 500 tonnes WMT Gecamines will calculate the amount of
        cobalt, copper and other elements applicable for each lot preparing an
        invoice in accordance with the shipment. The invoice shall be sent by
        telecopy to OMG and the original by courier.

9.3     UMPIRE ASSAYING

        This process is applicable for the samples taken at the port of arrival.
        The analyses should be made independently by OMG and Gecamines. The
        exchange of assays will be made by telecopy.

        If the difference of assays for Co, Cu and Ni of the two parties is not
        higher than 0.20 % the arithmetic mean of these two results will be
        accepted final.

        In the event of greater difference and if either of parties demand, an
        umpire assay may be made on the samples reserved by two independent
        laboratories, mutually approved.

        The reference assayers cannot act as representative agent of OMG or
        Gecamines at the weighing, sampling and moisture determination
        operations and/or carry out, for any or both parties, the analysis for
        the assay exchange.

        Should the umpire assay fall between the results of the two parties or
        coincide with either, the arithmetical mean of the umpire assay and the
        assay of the party which is the nearer one to the umpire shall be taken
        as the agreed assay. 

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        Should the umpire assay be the exact mean. of the two parties then the
        umpire result shall be final. The cost of the umpire assay shall be
        borne equally by both parties when the umpire assay is the exact mean of
        the exchanged results.

        Should the umpire assay fall outside the exchanged results, the assay of
        the party which is nearer the umpire shall be taken as agreed assay. The
        cost of this assay shall be borne by the other party.

10      FORCE MAJEURE
        In the event of any strike, act of God, war, lockout, flood, accident,
        lack transport facilities or any other reason beyond the control of the
        parties which prevent the parties to fulfill the obligations of the
        agreement, the party involved should immediately inform the other party
        in writing of such event and of the estimated duration of fulfilling the
        obligations. If these circumstances or the Force Majeure situation
        should persist more than 3 months the parties shall meet and consider
        the cancelling this agreement.

11      FAIR CLAUSE
        In case or events not foreseen by the parties, regardless of the
        agreement, one of the parties may demand additional charge to be able to
        fulfil its obligation in accordance with this agreement, this party has
        to request in writing for a possible modification of this agreement. The
        demand should, without delay, include the reason for the request,
        explain the situation of the party and the economical consequences to
        this agreement.

        At default of notifying the party will loose the wright to present the
        request in accordance with this article.

12      NOTICES
        All notices, requests for information, complaints and other
        communication which are required or may be given under this Agreement
        shall be in writing delivered personally or sent by registered mail or
        telecopy at the following addresses or to other such address as a party
        may notify the other party in writing:

If for Gecamines
La Generale des Carrieres et des Mines
Monsieur le President Delegue General
B.P. 450
Lubumbashi
Republic of Zaire
Telephone: +32 2 67 68 045
Telceopy: + 32 2 67 68 047

Brussels
Telephone: +32 2 67 68 983
Telecopy: +32 2 67 68 984

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          Or if for
          OMG Kokkola Chemicals Oy
          Att: The President
          P.O. Box 286, FIN-67101 Kokkola
          Finland
          Telephone: +35868280111
          Telecopy: +358 6 8280 373

13      ASSIGNMENT OF THE AGREEMENT
        This agreement as well as all rights and obligations for each party
        arising thereof cannot be transferred, assigned, or pledged to a third
        party without written permission of the other party before notice with
        the exception where assigning company controls the majority. This
        permission cannot be withheld unreasonably

14      AMENDMENTS
        This present Agreement can only be modified by means of clauses duly
        signed by both parties.

15      GOVERNING LAW AND JURISDICTION
        Any dispute, occurred between the Parties and resulting from
        misinterpretation or execution of the present agreement, shall be
        preferably settled amicably. If it is not the case, it will be referred
        to the Commercial Arbitration court in Paris which will make a ruling
        based on French Law.


16      INTERPRETATION

        A) The titles of various articles and paragraphs have no effect in the
           interpretation of this agreement.

        B) If any period specified in this agreement shall expire in non
           business day, the expiring date is the following business day.

17      The agreement shall come into effect after the production has 
        started, which should be November, 1997.

In Lubumbashi 4 April, 1997
This agreement has been executed in two copies, one for each party.

               FOR GECAMINES

        YAWILI NYI ZONGIA           UMBA KYAMITALA
        DELEQUE GENERAL ADJOINT     PRESIDENT DELEQUE GENERAL

                FOR 0MG KOKKOLA CHEMICALS OY
                ANTTI AALTONEN
                PRESIDENT