<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Company's unaudited Consolidated Statement of Loss, Consolidated Balance Sheet, and Consolidated Statement of Cash Flows, in each case for the three months ended June 30, 1997, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <EXCHANGE-RATE> 1 <CASH> 2,806 <SECURITIES> 0 <RECEIVABLES> 8,745 <ALLOWANCES> 0 <INVENTORY> 45,460 <CURRENT-ASSETS> 67,386 <PP&E> 250,983 <DEPRECIATION> 0 <TOTAL-ASSETS> 351,378 <CURRENT-LIABILITIES> 42,548 <BONDS> 205,473 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 251 <OTHER-SE> 107,499 <TOTAL-LIABILITY-AND-EQUITY> 351,378 <SALES> 5,774 <TOTAL-REVENUES> 10,753 <CGS> 7,140 <TOTAL-COSTS> 21,337 <OTHER-EXPENSES> 11,083 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,281 <INCOME-PRETAX> (26,842) <INCOME-TAX> 0 <INCOME-CONTINUING> (26,842) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (26,842) <EPS-PRIMARY> (1.07) <EPS-DILUTED> 0