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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 > They have an agreement!
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Comment by Scotch12on Jun 03, 2022 2:23pm
161 Views
Post# 34730324

RE:RE:RE:They have an agreement!

RE:RE:RE:They have an agreement!Obviously, for Incredibly dubious reasons, Glencore has decided not to disclose the fixed TC rate but I would have assumed that it was at this years bench mark rate which is $230 dollars per ton. Presumably, Noranda could have held out and got 100% at market, as appears to have happened last year.  As schocor indicated one should be able to make a reasonably accurate calculation after Q3 earning come out. Yes, it is ridiculous that the information is not freely disclosed to us the owners of the company. Everyone knows what Teck Resources is paying, and it does not appear to hurt their competitive advantage.


https://www.bloomberg.com/news/articles/2022-04-05/zinc-smelters-win-big-fee-increase-as-cutbacks-throttle-output
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