Noranda Income Fund (the Fund) is a Canada-based, open-ended trust. The Fund was created to acquire Xstrata Canada Corporation’s CEZinc Processing Facility located in Salaberry-de-Valleyfield, Quebec. The Fund is paid a processing fee for refining the zinc, and it earns additional revenue through zinc metal premiums, byproduct credits and metal recovery gains. The Fund’s primary objective is to provide monthly distributions to its unit holders. The Fund’s subsidiaries include the Noranda Operating Trust and the Noranda Income Limited Partnership. During the year ended December 31, 2008, the Fund processed approximately 508,000 tons of zinc concentrate.
(Source: ARS) – less–ZoomInfo