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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 > Boliden investing 700M euro in zinc smelter. WOW!!
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Comment by Scotch12on Aug 05, 2021 3:15pm
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Post# 33658271

RE:RE:Boliden investing 700M euro in zinc smelter. WOW!!

RE:RE:Boliden investing 700M euro in zinc smelter. WOW!!I think it has been brought up by others, can the independent board agree to the sale of the smelter without the permission of Glencore? I suspect they can't under the current contract. I recently emailed management and asked them this question but have not yet received a response.

As we speak 40 million dollars is being spent to improve our smelters capacity by approx. 10 percent and that is close to the current  market cap of the smelter.  It really all blows’ ones mind how absurd the whole situation is.
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