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                                                                  Exhibit 10.34

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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 OMG
                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. 

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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.

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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.

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
                Telecopy:+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:      +358 6 8280 111
                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 OMG KOKKOLA CHEMICALS OY
                    ANTTI AALTONEN
                    PRESIDENT