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NORD ANNOUNCES SALE OF PERLITE ASSETS

 DAYTON, Ohio, Aug. 23 /PRNewswire/ -- Nord Resources Corporation (NYSE: NRD) is pleased to announce that on Aug. 19, 1993, it sold principally all the assets of its perlite division. After repayment of $750,000 on debt, Nord realized approximately $500,000 in proceeds from the sale. This should result in a small gain for the company from this transaction in the 1993 third quarter.
 Nord Resources Corporation is a major producer of kaolin and natural rutile (a premium titanium dioxide mineral), and holds a 41 percent interest in Nord Pacific Limited (NASDAQ: NORPF), a company engaged in the exploration for and development of precious, strategic and base metals, particularly copper.
 -0- 8/23/93
 /CONTACT: Terence H. Lang, senior vice president-finance, or Susan Shahan, director of investor relations, both of Nord Resources Corporation, 513-433-6307/
 (NRD NORPF)


CO: Nord Resources Corporation ST: Ohio IN: MNG SU:

BM -- CL008 -- 5084 08/23/93 13:42 EDT
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Publication:PR Newswire
Date:Aug 23, 1993
Words:154
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