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.

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

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

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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.

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