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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event reported)
December 7, 2000
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CAMPBELL RESOURCES INC.
(Exact name of registrant as specified in its charter)
CANADA
(Jurisdiction of Incorporation)
Commission File No. 1-8488
NONE
(I.R.S. Employer Identification No.)
Suite 1910
120 Adelaide Street West
Toronto, Ontario
Canada, M5H 1T1
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (416) 366-5201
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NOT APPLICABLE
(Former name or former address, if changed since last report)
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Item 1 Change in Control of Registrant
N/A
Item 2 Acquisition or Disposition of Assets
N/A
Item 3 Bankruptcy or Receivership
N/A
Item 4 Changes in Registrant's Certifying Accountants
N/A
Item 5 Other Events
The Board of Directors of Campbell Resources Inc. announces that
the Company is adopting a new strategy to focus on its core
mining operations in Quebec including the transfer of its
executive office to Montreal.
Plans are currently being formulated to carry out an exploration
and development program to increase the economic life of the
Company's Joe Mann Mine in Chibougamau, Quebec. The mine's
operations were temporarily suspended on November 10th awaiting
further development plans. During the suspension it is expected
that an extensive diamond drilling and development program will
be undertaken to both increase the extent and confidence of the
mineable reserves and geological resources. Initially, work will
focus on confirmation of higher grade material previously
identified. At the same time the experience of the last six
months will be evaluated to determine what improvements can be
made to increase the efficiency of the mine. Various alternatives
to fund such a program are currently being pursued.
In addition to the proposed new program at the Joe Mann Mine, the
Company will also pursue with others the rationalization of
mining operations in the Chibougamau area. Efforts will be
focussed on sharing of common services with nearby operations in
an effort to reduce costs.
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Given the Company's new focus, Campbell's operations in Mexico
will be put on a care and maintenance basis in 2001. The Cerro
Quema project in Panama has been on a care and maintenance basis
since 1998.
As part of the increased focus on Quebec, the Board further
announces that Mr. John O. Kachmar, President and Chief Executive
Officer and a Director, is stepping down. The Board has appointed
Mr. Andre Y. Fortier, of Montreal, as the new President and Chief
Executive Officer effective immediately. Mr. Fortier is a mining
executive with many years of experience in the Canada. He is
Chairman and Chief Executive Officer of MSV Resources Inc. and
President of GeoNova Explorations Inc., both of which are active
near Campbell's operations in the Chibougamau area. In addition
to Mr. Kachmar, Mr. Rod Douglas has also resigned as a Director.
Mr. Fortier and Mr. Michel Blouin, a lawyer from Montreal, have
joined the Board.
Item 7 Financial Statements, Pro Forma Financial Information and
Exhibits
Press Release dated December 7, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.
CAMPBELL RESOURCES INC.
Per:/s/"LORNA D. MACGILLIVRAY"
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Lorna D. MacGillivray
DATE: December 11, 2000 Vice President, Secretary and
-------------------- General Counsel
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CAMPBELL RESOURCES INC.
FORM 8K - DECEMBER 7, 2000
EXHIBIT INDEX
Item # 7: Press Release of December 7, 2000 .
