MOORE MCCORMACK <MMC> TO SELL GLOBE UNIT
Moore McCormack Resources Inc said it
agreed in principle to sell its Globe Metallurgical Inc unit to
Cyprus Minerals Co <CYPM> for undisclosed terms.
    The sale, expected to close by mid-April, is subject to
certain conditions, including board approval at both companies.
    Globe produces silicon metals and magnesium ferrosilicon.
The products are used in the chemical, aluminum, iron, rubber
and semiconductor industries.
 Reuter
