COMINCO <CLT> TO FORM EXPLORATION UNIT
Cominco Ltd said it is forming a new
publicly held company, Cominco Resources International Ltd, to
continue exploration and development of its mineral holdings
outside Canada, Alaska and Australia.
    Cominco will maintain a majority position in the company,
but the remaining interest will be sold in offerings led by
Wood Gundy Inc and First Marathon Securities Ltd in Canada, and
S.G. Warburg Securities and Wood Gundy Inc internationally.
    Cominco said it is filing a preliminary prospectus with
securities regulators in all Canadian provinces.
                          
 Reuter
