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                          Exhibit 24(a)
                                
                REPORT OF INDEPENDENT ACCOUNTANTS
                                
                                
                                
To the Shareholders and
Board of Directors of Zemex Corporation

       We have audited the consolidated financial statements of Zemex
Corporation and Subsidiaries as of December 31, 1995 and for  the
year then ended, and have issued our report thereon dated January
24,  1996, such consolidated financial statements and report  are
included  in  your  1995 Annual Report to  Shareholders  and  are
incorporated  herein by reference.  Our audit also  included  the
consolidated  financial statement schedules of Zemex Corporation,
listed   in  Item  14.   This  consolidated  financial  statement
schedule  is  the responsibility of the Corporation's management.
Our  responsibility is to express an opinion based on our  audit.
In  our opinion, such consolidated financial statements schedule,
when  considered in relation to the basic consolidated  financial
statements  taken  as a whole, presents fairly  in  all  material
respects the information set forth therein.




DELOITTE & TOUCHE


Toronto, Ontario
March  31, 1996