On 17 March 1976 Asarco Incorporated, Buchans Unit and Price (Nfld.) Pulp and Paper Limited (Incorporated in 1962 replacing AND co - would later become Abitibi-Price then Abitibi-Bowater) signed a new contract whereby Price repossessed its original mineral exploration rights over the entire 1905 A.N.D. Co. concession area except for the mine site. The two companies agreed to continue sharing the profits from the existing mines and from any future mines developed on deposits discovered by ASARCO prior to March 1976.