TREMONT CORPORATION
8-K, EX-99.2, 2000-08-04
PRIMARY SMELTING & REFINING OF NONFERROUS METALS
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                                                                    Exhibit 99.2

                                 PRESS RELEASE



FOR IMMEDIATE RELEASE                   CONTACT:

Tremont Corporation                     Mark A. Wallace
1999 Broadway, Suite 4300               Vice President & Chief Financial Officer
Denver, Colorado  80202                 303-296-5600


                     TREMONT DECLARES THIRD QUARTER DIVIDEND


         DENVER,  COLORADO . . . July 31, 2000 . . . Tremont  Corporation (NYSE:
TRE) announced  today that its board of directors,  at its most recent  meeting,
declared a regular quarterly dividend of seven cents ($0.07) per share of common
stock,  payable on September 29, 2000 to  stockholders of record as of the close
of business on September 15, 2000.

         Tremont Corporation,  headquartered in Denver, Colorado, is principally
a holding  company with operations in the titanium  metals  business,  conducted
through Titanium Metals  Corporation,  the titanium dioxide business,  conducted
through NL Industries,  Inc.,  and real estate  development,  conducted  through
Victory Valley Land Company, L.P.




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