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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 > New Stream Agreement
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Comment by stopedouton Jul 28, 2020 1:09pm
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Post# 31331674

RE:RE:RE:RE:New Stream Agreement

RE:RE:RE:RE:New Stream Agreement Call me a pessamist but it sounds like Glencore gets NIF to upgrade its smelter and Glencore will now acquire dirtier zinc con (which those miners will pay a penalty). NIF then smelts the con at the same mystery contract price it gets from all the Glencore con while Glencore pockets the penalty.
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