SECURITIES AND EXCHANGE COMMISSION

                    Washington, D.C.   20549




                            FORM 8-K

                         CURRENT REPORT

                PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934


        Date of Report (Date of earliest event reported)
                       September 30, 1999



                   NORD RESOURCES CORPORATION
     (Exact name of registrant as specified in its charter)



       Delaware                0-6202-2              85-0212139
     (state or other          (Commission         (IRS Employer
     jurisdiction of           File Number)        Identification No.)
     incorporation)


201 Third Street N.W., Suite 1750, Albuquerque, New Mexico      87102
(Address of principal executive offices)                     (Zip Code)



Registrant's telephone number, including area code: (505) 766-9955


<PAGE>


ITEM 2.   Acquisition or Disposition of Assets

     On   September   30,   1999  Nord  Resources   Corporation   (the
"Corporation")  sold  its  50% ownership  interest  in  Sierra  Rutile
Limited  and  its related entities ("SRL") to an entity controlled  by
MIL  (INVESTMENTS)  S.A.R.L. ("MIL"), the largest shareholder  of  the
Corporation.   The  Corporation's interest in  SRL  was  sold  to  MIL
pursuant  to a Purchase and Sale Agreement executed by the parties  on
June   16,   1999   ("Purchase  and  Sale  Agreement").    The   total
consideration paid to the Corporation by MIL was  (a) a  cash  payment
of  $1,250,000, (b) a 5% carried interest in the acquiring entity, (c)
the  release  of  the  Corporation  from  a  guaranty  obligation   of
approximately $6,000,000 to the development bank lenders to  SRL,  and
(d)  the redemption and cancellation of MIL's 7,004,200 shares in  the
Corporation,  which  shares  represented approximately  29.8%  of  the
issued and outstanding shares of the Corporation.

     SRL's primary asset is a titanium dioxide mining facility located
in  Sierra  Leone, West Africa.  At that facility, SRL was principally
engaged  in  the  mining and processing of rutile and  ilmenite,  both
industrial minerals, and was the largest producer of natural rutile in
the  world  until  the mine was shut down in 1995  due  to  its  being
overrun  by  rebel  militia forces.  The mine has remained  shut  down
since 1995.

     To  ensure  that the Corporation received fair market value  from
MIL in exchange for the Corporation's interest in SRL, the Corporation
engaged  NM  Rothschild  & Sons (Washington) LLC   ("Rothschild")   to
evaluate  the  fairness,  from  a financial  point  of  view,  to  the
shareholders  of the consideration to be paid by MIL pursuant  to  the
Purchase and Sale Agreement.  Rothschild is one of the world's leading
independent merchant banking organizations with substantial experience
in advising clients on mergers and acquisitions, divestitures, project
finance, equity offerings and other capital market operations.

     In  an  opinion letter dated June 21, 1999, Rothschild  concluded
that:

          "[T]he  consideration to be paid by Buyer pursuant
          to  the Agreement in respect of the transaction is
          fair,  from  a  financial point of  view,  to  the
          shareholders of Seller."

     Under  various agreements between the Corporation  and  MIL  that
terminated  upon the closing of the sale of SRL to MIL,  MIL  had  the
right  to  nominate  three  persons  to  the  Board  while  the  Board
(excluding  the  MIL  nominees) retained the right  to  designate  the
remaining four nominees.  MIL was obligated to vote its shares for the
four Board nominees.  In addition, the size of the Board could not  be
increased  or  decreased without the approval  of  at  least  two  MIL
nominees.

<PAGE>


ITEM 7.   Financial Statements and Exhibits.

     (c)  Exhibits required to be filed by Item 601 of Regulation S-K:

          Item No.                    Description

           10.131             Sale and Purchase Agreement dated June
                              16, 1999 between Nord Resources Corporation,
                              MIL (Investments) S.A.R.L., and SRL Acquisition
                              No. 1 Limited.(1)

           10.132             Shareholders Agreement dated September
                              30, 1999 between Nord Resources
                              Corporation, MIL (Investments) S.A.R.L.,
                              SRL Acquisition No.  1 Limited, and SRL
                              Holding GmbH.(1)

           10.133             Guaranty dated September 30, 1999
                              between MIL (Investments) S.A.R.L., as
                              Guarantor, and Nord Resources
                              Corporation.(1)

           10.134             Valuation Report and Fairness Opinion
                              dated June 21, 1999 issued by NM
                              Rothschild & Sons (Washington) LLC.(1)

           10.135             Form of Memorandum and Articles of
                              Association of SRL Acquisition No.  1
                              Limited, a British Virgin Islands
                              corporation  (This item is an exhibit to
                              the Purchase and Sale Agreement
                              referenced above and has been omitted as
                              an exhibit to this report because it
                              does not contain information which is
                              material to an investment decision.
                              Registrant hereby agrees to furnish
                              supplementally to the Commission a copy
                              of this item upon request)(1)

             99.1             Press release of Nord Resources
                              Corporation dated October 1, 1999



(1) Pursuant  to  Rule 12b-32 of the Exchange Act,  this  document  is
incorporated  by  reference  to  the Notice  of  and  Proxy  Statement
("Statement") for the Annual Meeting of Shareholders of Nord Resources
Corporation held on September 8, 1999, a definitive copy of which  was
filed with the Commission on July 26, 1999.

<PAGE>

     Pursuant  to the requirements of the securities Exchange  Act  of
1934,  the registrant has duly caused this report to be signed on  its
behalf by the undersigned thereunto duly authorized.

                                   NORD RESOURCES CORPORATION


Date: October 12, 1999                  By:   /s/ Ray W. Jenner
                                        Ray W. Jenner
                                        Chief Financial Officer


<PAGE>

<TABLE>


                         EXHIBIT INDEX
<CAPTION>
                                                                             Sequentially
Item  No.                   Description                                      Numbered Page

<C>       <S>                                                               <S>
10.131    Sale and Purchase Agreement dated June 16, 1999 between           See Footnote 1
          between Nord Resources Corporation, MIL (Investments)
          S.A.R.L., and SRLAcquisition No. 1 Limited.(1)

10.132    Shareholders  Agreement  dated  September  30,  1999              See Footnote 1
          between Nord Resources Corporation, MIL (Investments)
          S.A.R.L., SRL Acquisition No.  1 Limited, and SRL Holding
          GmbH.(1)

10.133     Guaranty  dated  September 30,  1999  between  MIL               See Footnote 1
          (Investments) S.A.R.L., as Guarantor, and Nord Resources
          Corporation.(1)

10.134    Valuation  Report and Fairness Opinion dated  June 21, 1999       See Footnote 1
          issued by NM Rothschild & Sons (Washington) LLC.(1)

10.135    Form  of  Memorandum  and Articles  of  Association  of  SRL      See Footnote 1
          Acquisition  No.  1 Limited, a British Virgin  Islands
          corporation.  (This item is an exhibit to the Purchase and
          Sale Agreement referenced above and has been omitted as an
          exhibit to this report because it does not contain information
          which is material to an investment  decision.   Registrant
          hereby agrees to furnish supplementally to the Commission
          a copy of this item upon request)(1)

99.1      News release of Nord Resources Corporation dated October 1, 1999          1.



(1) Pursuant  to  Rule 12b-32 of the Exchange Act,  this  document  is
incorporated  by  reference  to  the Notice  of  and  Proxy  Statement
("Statement") for the Annual Meeting of Shareholders of Nord Resources
Corporation held on September 8, 1999, a definitive copy of which  was
filed with the Commission on July 26, 1999.

</TABLE>
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{"company-data": {"conformed-name": "NORD RESOURCES CORP", "cik": "0000072316", "assigned-sic": "1400", "irs-number": "850212139", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08733", "film-number": "99727016"}, "business-address": {"street1": "201 THIRD ST NW", "street2": "STE 1750", "city": "ALBUQUERQUE", "state": "NM", "zip": "87102", "phone": "5057669955"}, "mail-address": {"street1": "201 THIRD ST NW", "street2": "STE 1750", "city": "ALBUQUERQUE", "state": "NM", "zip": "87102"}}
SECURITIES AND EXCHANGE COMMISSION

                    Washington, D.C.   20549

                            FORM 8-K

                         CURRENT REPORT

                PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported)
                       September 30, 1999

                   NORD RESOURCES CORPORATION
     (Exact name of registrant as specified in its charter)

       Delaware                0-6202-2              85-0212139
     (state or other          (Commission         (IRS Employer
     jurisdiction of           File Number)        Identification No.)
     incorporation)

201 Third Street N.W., Suite 1750, Albuquerque, New Mexico      87102
(Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code: (505) 766-9955
ITEM 2.   Acquisition or Disposition of Assets

     On   September   30,   1999  Nord  Resources   Corporation   (the
"Corporation")  sold  its  50% ownership  interest  in  Sierra  Rutile
Limited  and  its related entities ("SRL") to an entity controlled  by
MIL  (INVESTMENTS)  S.A.R.L. ("MIL"), the largest shareholder  of  the
Corporation.   The  Corporation's interest in  SRL  was  sold  to  MIL
pursuant  to a Purchase and Sale Agreement executed by the parties  on
June   16,   1999   ("Purchase  and  Sale  Agreement").    The   total
consideration paid to the Corporation by MIL was  (a) a  cash  payment
of  $1,250,000, (b) a 5% carried interest in the acquiring entity, (c)
the  release  of  the  Corporation  from  a  guaranty  obligation   of
approximately $6,000,000 to the development bank lenders to  SRL,  and
(d)  the redemption and cancellation of MIL's 7,004,200 shares in  the
Corporation,  which  shares  represented approximately  29.8%  of  the
issued and outstanding shares of the Corporation.

     SRL's primary asset is a titanium dioxide mining facility located
in  Sierra  Leone, West Africa.  At that facility, SRL was principally
engaged  in  the  mining and processing of rutile and  ilmenite,  both
industrial minerals, and was the largest producer of natural rutile in
the  world  until  the mine was shut down in 1995  due  to  its  being
overrun  by  rebel  militia forces.  The mine has remained  shut  down
since 1995.

     To  ensure  that the Corporation received fair market value  from
MIL in exchange for the Corporation's interest in SRL, the Corporation
engaged  NM  Rothschild  & Sons (Washington) LLC   ("Rothschild")   to
evaluate  the  fairness,  from  a financial  point  of  view,  to  the
shareholders  of the consideration to be paid by MIL pursuant  to  the
Purchase and Sale Agreement.  Rothschild is one of the world's leading
independent merchant banking organizations with substantial experience
in advising clients on mergers and acquisitions, divestitures, project
finance, equity offerings and other capital market operations.

     In  an  opinion letter dated June 21, 1999, Rothschild  concluded
that:

          "[T]he  consideration to be paid by Buyer pursuant
          to  the Agreement in respect of the transaction is
          fair,  from  a  financial point of  view,  to  the
          shareholders of Seller."

     Under  various agreements between the Corporation  and  MIL  that
terminated  upon the closing of the sale of SRL to MIL,  MIL  had  the
right  to  nominate  three  persons  to  the  Board  while  the  Board
(excluding  the  MIL  nominees) retained the right  to  designate  the
remaining four nominees.  MIL was obligated to vote its shares for the
four Board nominees.  In addition, the size of the Board could not  be
increased  or  decreased without the approval  of  at  least  two  MIL
nominees.
ITEM 7.   Financial Statements and Exhibits.

     (c)  Exhibits required to be filed by Item 601 of Regulation S-K:

          Item No.                    Description

           10.131             Sale and Purchase Agreement dated June
                              16, 1999 between Nord Resources Corporation,
                              MIL (Investments) S.A.R.L., and SRL Acquisition
                              No. 1 Limited.(1)

           10.132             Shareholders Agreement dated September
                              30, 1999 between Nord Resources
                              Corporation, MIL (Investments) S.A.R.L.,
                              SRL Acquisition No.  1 Limited, and SRL
                              Holding GmbH.(1)

           10.133             Guaranty dated September 30, 1999
                              between MIL (Investments) S.A.R.L., as
                              Guarantor, and Nord Resources
                              Corporation.(1)

           10.134             Valuation Report and Fairness Opinion
                              dated June 21, 1999 issued by NM
                              Rothschild & Sons (Washington) LLC.(1)

           10.135             Form of Memorandum and Articles of
                              Association of SRL Acquisition No.  1
                              Limited, a British Virgin Islands
                              corporation  (This item is an exhibit to
                              the Purchase and Sale Agreement
                              referenced above and has been omitted as
                              an exhibit to this report because it
                              does not contain information which is
                              material to an investment decision.
                              Registrant hereby agrees to furnish
                              supplementally to the Commission a copy
                              of this item upon request)(1)

             99.1             Press release of Nord Resources
                              Corporation dated October 1, 1999

(1) Pursuant  to  Rule 12b-32 of the Exchange Act,  this  document  is
incorporated  by  reference  to  the Notice  of  and  Proxy  Statement
("Statement") for the Annual Meeting of Shareholders of Nord Resources
Corporation held on September 8, 1999, a definitive copy of which  was
filed with the Commission on July 26, 1999.
Pursuant  to the requirements of the securities Exchange  Act  of
1934,  the registrant has duly caused this report to be signed on  its
behalf by the undersigned thereunto duly authorized.

                                   NORD RESOURCES CORPORATION

Date: October 12, 1999                  By:   /s/ Ray W. Jenner
                                        Ray W. Jenner
                                        Chief Financial Officer
EXHIBIT INDEX
Sequentially
Item  No.                   Description                                      Numbered Page
10.131    Sale and Purchase Agreement dated June 16, 1999 between           See Footnote 1
          between Nord Resources Corporation, MIL (Investments)
          S.A.R.L., and SRLAcquisition No. 1 Limited.(1)

10.132    Shareholders  Agreement  dated  September  30,  1999              See Footnote 1
          between Nord Resources Corporation, MIL (Investments)
          S.A.R.L., SRL Acquisition No.  1 Limited, and SRL Holding
          GmbH.(1)

10.133     Guaranty  dated  September 30,  1999  between  MIL               See Footnote 1
          (Investments) S.A.R.L., as Guarantor, and Nord Resources
          Corporation.(1)

10.134    Valuation  Report and Fairness Opinion dated  June 21, 1999       See Footnote 1
          issued by NM Rothschild & Sons (Washington) LLC.(1)

10.135    Form  of  Memorandum  and Articles  of  Association  of  SRL      See Footnote 1
          Acquisition  No.  1 Limited, a British Virgin  Islands
          corporation.  (This item is an exhibit to the Purchase and
          Sale Agreement referenced above and has been omitted as an
          exhibit to this report because it does not contain information
          which is material to an investment  decision.   Registrant
          hereby agrees to furnish supplementally to the Commission
          a copy of this item upon request)(1)

99.1      News release of Nord Resources Corporation dated October 1, 1999          1.

(1) Pursuant  to  Rule 12b-32 of the Exchange Act,  this  document  is
incorporated  by  reference  to  the Notice  of  and  Proxy  Statement
("Statement") for the Annual Meeting of Shareholders of Nord Resources
Corporation held on September 8, 1999, a definitive copy of which  was
filed with the Commission on July 26, 1999.