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Noranda Income Fund Unit NNDIF

Metals & Mining Industrial Metals & Minerals
Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.


OTCPK:NNDIF - Post by User

Noranda Income Fund Unit > Looking ahead
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Comment by schocoron Dec 15, 2022 10:57am
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Post# 35173205

RE:Looking ahead

RE:Looking aheadElecting 4 new directors in late March will give them a little - not a lot - of time to negotiatiate a new contract with Glencore.

The existing contract 60/40 negotiated/spot expires May 1st. The fallback position for Noranda/Glencore is to price treatment charges at spot - which I think it preferreable for unitholders.

This smelter is a run down world class asset; but its still a world class asset and it is of most use to GLencore. They dont want to lose it I reckon....but I want them to. 
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