The asbestos assets of Societe d’Exploration Miniere Mazarin (ME) are paying off. The Quebec City-based company reports nine-month net earnings of $9.7 million (27 cents per share, diluted).
During the second half of 1992 Mazarin acquired a 54.6% interest in Asbestos Corp. (TSE) and a 100% interest in Bell Asbestos Mines, a pair of asbestos producers in Quebec’s Thetford Mines area.
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