North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Rose Ragsdale
For Mining News 

Thompson Creek agrees to buy B.C. junior

Savvy moly producer moves to diversify metals output and assets; capitalizes on high gold prices to fund Mount Milligan development

 

Last updated 7/25/2010 at Noon



Thompson Creek Metals Co. Inc. and Terrane Metals Corp. said they have completed a definitive agreement for the Denver-based molybdenum producer to purchase Terrane Metals with cash and stock valued at about C$650 million.

The deal, which won approval of both Thompson Creek and Terrane's boards of directors, will be proceed under a court-approved plan of arrangement under British Columbia law....



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