Centerra Gold Inc (TSE:CG) to buy Thompson Creek Metals Co 

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US$1.1-billion deal that should solve the problems for both parties

Centerra Gold Inc. (TSE:CG) has agreed to buy Thompson Creek Metals Company Inc. (TSE:TCM) in a US$1.1-billion deal that solves problems for both parties.

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Toronto-based Centerra is eager to diversify away from Kyrgyzstan, where it is facing a toxic political situation that appears to be getting worse by the month. By acquiring Thompson Creek, Centerra gets its hands on Mount Milligan, a large mine in British Columbia with 2.2 billion pounds of copper reserves and 5.7 million ounces of gold reserves.

Read the full article at: business.financialpost.com

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