UNION MINIERE TAKES STAKE IN PANCONTINENTAL

  &lt;Union Miniere SA> said in a statement
  that it has acquired an eight pct interest in Pancontinental
  Mining Ltd &lt;PANA.S> for a sum equivalent to 1.2 billion Belgian
  francs.
      Pancontinental operates gold and coal mines in Australia
  and natural gas and oil fields in Canada.
      Union Miniere said the location of its interest within the
  Pancontinental group will be decided later. It did not
  elaborate.
      Union Miniere is a wholly owned subsidiary of Societe
  Generale de Belgique &lt;BELB.BR>.
  

