NORANDA INCOME FUND
TSX : NIF.UN

NORANDA INCOME FUND

August 31, 2009 17:00 ET

Noranda Income Fund Announces That the Motion for Authorization to Institute a Class Action Has Been Dismissed by the Quebec Court of Appeal

VALLEYFIELD, QUEBEC--(Marketwire - Aug. 31, 2009) - The Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced that the motion for authorization to institute a class action related to the August 2004 accidental discharge of sulphur trioxide was dismissed by the Quebec Court of Appeal.

In June 2008, the Superior Court of the province of Quebec dismissed the motion for authorization to institute a class action. The Petitioner subsequently appealed the decision.

The Fund is satisfied with the judgment and hopes this will end the matter.

Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol "NIF.UN". The Noranda Income Fund owns the CEZinc processing facility and ancillary assets (the "CEZinc processing facility") located in Salaberry-de-Valleyfield, Quebec. The CEZinc processing facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America, where the majority of its customers are located. It produces refined zinc metal and various by-products from zinc concentrates purchased from mining operations. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited.


Further information about the Noranda Income Fund can be found at www.norandaincomefund.com.

Contact Information

  • Financial information: Michael Boone
    Vice President & Chief Financial Officer
    of Canadian Electrolytic Zinc Limited
    Noranda Income Fund's Manager
    416-775-1561
    mboone@xstrata.ca