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Norwest rejects MinRes bid

Takeover target Norwest Energy on Tuesday urged shareholders to reject a takeover offer from fellow listed Mineral Resources (MinRes). MinRes last week opened its off-market takeover offer for Norwest Energy, offering one fully paid MinRes share for every 1 367...

Glencore Canada buys Noranda Income Fund

Commodity trader and miner Glencore Canada has agreed to buy Noranda Income Fund for C$53.2-million in an all-stock transaction. Noranda Income Fund was established in 2002 as an income trust to distribute cash flow from the zinc processing facility in...
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