MOORE MCCORMACK &lt;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 &lt;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.
  

