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Noranda Income Fund Provides Update on Zinc Metal Production at its Processing Facility
Mar. 23, 2017 08:20AM PST
Base Metals Investing Noranda Income Fund (TSX:NIF.UN) (the “Fund”) provides an update on the status of production at its zinc processing facility located in Salaberry-de-Valleyfield, Québec. As quoted in the press release: On February 12, 2017 the unionized workers, affiliated with the United Steelworkers of America, initiated a strike. In response to the strike, management secured the operations …
Noranda Income Fund (TSX:NIF.UN) (the “Fund”) provides an update on the status of production at its zinc processing facility located in Salaberry-de-Valleyfield, Québec.
As quoted in the press release:
On February 12, 2017 the unionized workers, affiliated with the United Steelworkers of America, initiated a strike. In response to the strike, management secured the operations in the days following and resumed partial production with staff operating the facility. The Fund can now confirm production of zinc metal has increased to the current level of 50% to 60% of normal operating levels which is materially in line with expectations under the contingency scenario. Zinc metal production is of special high grade quality.
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