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To: craig crawford who wrote (125419)	5/22/2001 3:50:32 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

Tuesday May 22, 3:37 pm Eastern Time Noranda sells stake in Newmont for C$246 million TORONTO, May 22 (Reuters) - Noranda Inc. (Toronto:NOR.TO - news) said on Tuesday it had sold its 4 percent stake in Newmont Mining Corp. (NYSE:NEM - news) to Credit Suisse First Boston (NYSE:DIR - news) for about C$246 million ($160 million). The Canadian base metals and mining group said proceeds from the sale of the 6.85 million common shares will be used to complete its capital investment program. After taxes and other provisions of C$19 million, Noranda said it will realize a gain of about C$45 million. ($1 equals $1.54 Canadian)