Canadian Mining Journal

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COPPER/GOLD PRODUCTION NEWS Northern Orion Joins Wheaton River at Alumbrera

CATAMARCA, Argentina WHEATON RIVER MINERALS, which recently arranged to purchase RIO ALGOM's 25% share of the Alu...


CATAMARCA, Argentina WHEATON RIVER MINERALS, which recently arranged to purchase RIO ALGOM’s 25% share of the Alumbrera copper-gold mine, has agreed that NORTHERN ORION will acquire half (12.5%) of Wheaton’s share. Rio Algom set a US$180-million value on its interest.

Rio Algom has reportedly agreed to defer US$50-million of the purchase price until May 30, 2005.

Alumbrera is located 34 km from Northern Orion’s 100%-owned Agua Rica copper-gold deposit. Northern Orion president and CEO David Cohen can be reached at info@northernorion.com.


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