Noranda acquires stake in Rio Algom

Article Abstract:

Toronto, Ont.-based Noranda Inc., which is a copper producer, has bought a 6% stake in Toronto, Ont.-based Rio Algom Ltd. Noranda, which is led by president and chief executive officer David Kerr, also owns a 50% stake in Falconbridge Ltd.

Copper Mines, Copper Ore and Nickel Ore Mining, Copper ores, Copper mining, Copper industry, Rio Algom Ltd., ROM

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Noranda sells 4% stake in gold miner Newmont to U.S. dealer for $246-million

Article Abstract:

Noranda Inc. sells its stake in Newmont Mining Corp. to Credit Suisse First Boston.

United States, Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Investment banks, Brief Article, Newmont Mining Corp., NEM, Credit Suisse First Boston L.L.C.

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Brascan mulls sale of stake in Noranda

Article Abstract:

Brascan, one of Canada's oldest conglomerates is considering the possibility of spinning off its $2-billion (U.S.) stake in Noranda Inc. as it analyzes its option for its longtime holding in the base-metals giant. However, Toronto-based Brascan reported a profit of $408-million up from $83-million.

Metal Mining Services, Support Activities for Metal Mining, PRIMARY METAL INDUSTRIES, All Other Metal Ore Mining, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Company acquisition/merger, Mineral industry, Brascan Corp.

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