Iamgold investors kill merger bid: Rejection of Wheaton deal could put miners in play

Article Abstract:

Shareholders of Iamgold Corp. rejected on July 6, 2004 a $2.3 billion deal with Wheaton River Minerals Ltd. that could have merged the two Canadian miners to become Canada's fourth largest gold miner under the name of Axiom Gold Corp. The decision leaves Iamgold Corp. open to a $1.1 billion hostile bid from Golden Star Resources Ltd., while Coeur d'Alene Mining Corp. makes a $2.6 billion pitch for Wheaton River.

Financial management, Primary nonferrous metals, not elsewhere classified, Gold ores, Gold industry, Investor relations, Wheaton River Minerals Ltd., Iamgold Corp.

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Brascan cuts key B.C. timber deal

Article Abstract:

Toronto based Brascan Corp., has purchased timberlands in British Columbia from the Weyerhaeuser Co. for $1.2 billion. The move will help in the transformation of Brascan Corp., from a conglomerate, to an asset management company.

United States, Paper Industry Machinery Manufacturing, Paper mills, Paper Industry Machinery, Paper industry, Weyerhaeuser Co., Brascan Corp.

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