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Noranda Income Fund Unit T.NIF.UN


Primary Symbol: 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
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Post by rdwwwon Mar 13, 2017 5:33pm
130 Views
Post# 25973581

Glencore owns 25% of TV now

Glencore owns 25% of TV nowTrevali made a deal w Glencore who upped thier position to 25% in TV now. TV mines 2k tpd in Peru + 3k tpd in NB as well as the new Glencore addditions in Nambibia and Burkina Faso. There is some language in the NR about TV dropping thier shrholder rights plan and a $9MM break fee if someone other than Glencore wants to bust up this deal.
What does this do , if anything, to NIF?
 
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