Noranda Income Fund
TSX : NIF.UN

Noranda Income Fund

February 18, 2015 07:45 ET

Noranda Income Fund Announces That the Employees of the Processing Facility Have Ratified a New Collective Agreement

SALABERRY-DE-VALLEYFIELD, QUEBEC--(Marketwired - Feb. 18, 2015) - Noranda Income Fund (TSX:NIF.UN) (the "Fund") announced today that the unionized employees at its Salaberry-de-Valleyfield processing facility, which is operated and managed by Canadian Electrolytic Zinc Limited, voted in favour of a new collective agreement effective from November 1, 2014 to November 30, 2016. The processing facility's unionized employees are members of the United Steelworkers, local 6486.

Noranda Income Fund is an income trust whose units trade on the Toronto Stock Exchange under the symbol "NIF.UN". Noranda Income Fund owns the electrolytic zinc processing facility and ancillary assets (the "Processing Facility") located in Salaberry-de-Valleyfield, Québec. The 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 zinc customers are located. It produces refined zinc metal and various by-products from sourced zinc concentrates. The Processing Facility is operated and managed by Canadian Electrolytic Zinc Limited, a wholly-owned subsidiary of Glencore Canada Corporation.

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

Contact Information

  • Michael Boone
    Vice President and Chief Financial Officer
    Canadian Electrolytic Zinc Limited
    Noranda Income Fund's Manager
    416-775-1561
    info@norandaincomefund.com