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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