Noranda's CEZinc may see output decline
May 16, 2013 | 01:14 PM
| Anne Riley
NEW YORK Noranda Income Fund reported a boost in zinc production in the first quarter, but output rates may be reduced going forward as the closure of Xstrata Zinc Canadas Brunswick Mine forces Norandas refinery to process feed mix with a higher impurity content, the company said.
Salaberry-de-Valleyfield, Quebec-based Noranda processes zinc for Baar, Switzerland-based Glencore Xstrata Plc at the Canadian Electrolytic Zinc Ltd. (CEZinc) facility under a deal that expires in 2017. In the first quarter, Norandas zinc production totaled 68,413 tonnes, up nearly 9 percent from 62,813 tonnes in the same quarter last year due to slightly higher volumes of zinc concentrate and a build-up of work-in-progress inventory last year, it said. ....
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