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Article: Noranda Income Fund Announces That Sulphuric Acid and Zinc Production Will Return to Full Capacity Due to Improvements in the Sulphuric Acid Market.
- Article from:
- Marketwire Canada
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VALLEYFIELD, QUEBEC, Sep 28, 2009 (Marketwire via COMTEX) -- The Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced that it has received notice from its sales agent, Xstrata Canada Corporation ("Xstrata Canada"), that current market conditions now permit Xstrata Canada to arrange for all the sales of sulphuric acid in quantities equal to the Processing Facility's normal rate of production.
As disclosed in the Q2 2009 Interim Report, there were signs that the fundamentals for sulphuric acid might improve in the remainder of the year. In the past few months, the Fund has seen stronger market conditions as a result of the strike of the Vale Inco operations in ...