Indochina considering merger with Rayrock

Article Abstract:

Vancouver, Brit Colum-based Indochina Goldfields Inc. is reportedly studying a potential merger deal with Toronto, Ontario-based Rayrock Resources Inc. Indochina Goldfields, which owns development projects and exploration facilities for base metals and gold in Kazakhstan, Burma, Indonesia, Thailand and South Korea, reports C$31 million worth of long-term debts and cash holdings of $65.6 million. Rayrock Resources, on the other hand, has a projected output in 1998 of approximately 100,000 gold ounces.

Comment:

Is reportedly studying a potential merger deal w/ Vancouver, Brit Colum-based Indochina Goldfields

Gold Mines, Gold Ore Mining, British Columbia, Gold mining, Article, Rayrock Resources Inc., Indochina Goldfields Inc.

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Falconbridge moves into mining spotlight: Appeals as growth or takeover play

Article Abstract:

The Bloomberg reveals that Falconbridge Ltd., of which Norando holds 59 per cent, remains a favorite of analysts due to its mix of nickel, copper, lead and zinc assets. The other major Canadian companies from which they would choose are Alcon Inc., Inco Ltd. And Cameco Corp., which specialize in aluminum, nickel and uranium.

FABRICATED METAL PRODUCTS, Mergers, acquisitions and divestments, Company acquisition/merger, Metal products industry, Metalworking industry, Falconbridge Ltd.

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