CAPITAL MARKETS

Noranda buys Inmet's Antamina royalty stake

CANADA'S Noranda has purchased a 3.3% royalty stake in the Antamina copper-zinc mine in Peru from Inmet Mining for US$22.5 million.

Greg Tubby
Noranda buys Inmet's Antamina royalty stake

Noranda said the purchase was completed under a previously announced put-call agreement entered into between the two companies in February 2002. Antamina, Peru's biggest copper and zinc mine, is forecast...

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