UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [ X ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 1999
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:_______
Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
N/A
PART I--REGISTRANT INFORMATION
NORD RESOURCES CORPORATION
Full Name of Registrant:
N/A
Former Name if Applicable:
201 Third Street, NW, Suite 1750
Address of Principal Executive
Office (Street and Number):
Albuquerque, NM 87102
City, State and Zip Code:
PART II--RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to
Rule 12b-25b, the following should be completed. (Check box if
appropriate)
[ ] (a) The reasons described in reasonable
detail in Part III of this Form could not be
eliminated without unreasonable effort or
expenses;
[ X ] (b) The subject annual report, semi-annual
report, transition report on Form 10-K, Form 20-K,
11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day
following the prescribed due date; or the subject
quarterly report or transition report on Form 10-
Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed
due date; and
[ ] (c) The accountant's statement or other
exhibit required by Rule 12b-25(c) has been
attached if applicable.
PART III--NARRATIVE
State below in reasonable detail the reasons why the Form 10-K,
20-F, 11-K, 10-Q, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
Nord Resources Corporation has experienced almost
a complete change of key personnel in the Finance
Department. The Acting Chief Financial Officer
joined the Company on January 11, 2000 and the
Controller was appointed on February 1, 2000.
These two individuals are devoting significant
amounts of time to assuming all the
responsibilities of their positions, and
completing the Form 10-K in a timely manner would
have required an unreasonable effort.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
John P. Griffith 505 766-9955
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports) been filed? If answer is no, identify report(s).
[ X ] Yes [ ] No
_______________________________________________________________________
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report or portion thereof?
[ X ] Yes [ ] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results cannot
be made.
The Registrant is releasing its earnings statements for the
periods ended December 31, 1999 contemporaneously with the
filing of this Form 12b-25. [ ] Yes [ X ] No
NORD RESOURCES CORPORATION
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: March 31, 2000 By:
/s/ John P. Griffith
Name John P. Griffith
Title: Acting Chief Financial Officer
Attachment as required for Part IV, (3) - Explanation of
Anticipated Change
Nord Resources Corporation anticipates recognizing four
significant changes for the year ended December 31, 1999 compared
to the year ended December 31, 1998.
First, in 1999 the Company sold its interest in Sierra Rutile
Limited, realizing a $3.7 million gain on the sale. There was no
such gain in 1998.
Second, the Company will recognize a loss related to its
investment in Sierra Rutile Limited of $523,000 for 1999,
compared to a loss of $5,001,000 for 1998.
Third, the Company has produced and sold small amounts of copper
at the Johnson Camp Mine since acquiring the property in June
1999. For 1999, the Company has recognized sales revenue of
approximately $500,000 and a cost of sales of approximately $1.4
million. Both items were nil for 1998.
Finally, the Company will recognize a loss of approximately $3.4
million related to its equity in the net loss incurred by Nord
Pacific Limited in 1999. The Company recognized a gain of
$38,000 for the same item in 1998.
Combined, the changes described above will result in a net loss
of approximately $4 million for 1999, compared to a net loss of
$7.8 million for 1998.
