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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (381)	6/29/2001 7:02:42 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Thursday June 28, 4:31 pm Eastern Time Noranda buys Argentina copper project biz.yahoo.com By Lesley Wroughton TORONTO, June 28 (Reuters) - Canadian miner Noranda Inc. (Toronto:NRD.TO - news) (NYSE:NRD - news), looking to increase its copper reserves, said on Thursday it had bought Argentina's El Pachon copper project from debt-burdened Canadian gold miner Cambior Inc. (Toronto:CBJ.TO - news) and its Bolivian partner Minera S.A. for $30 million. ........................................................................................................................ Noranda, dual-listed on Toronto and the New York stock exchanges, produced 162,827 tonnes of copper at its mines last year. Company chief executive David Kerr has said Noranda wants to increase its reserves either by acquiring public companies or assets. ``This (El Pachon) is definitely a good example of acquiring a fairly significant copper asset at a very good price and allows us to increase our copper reserves,'' Coffin said.