In 1992, the Facility became the first zinc refinery in the world to obtain the International Organization for Standardization (ISO) 9002 certification for all steps of its zinc production process. In 1995, the ISO 9002 certification was extended to cover the Processing Facility's production of sulphuric acid. In 2003, the zinc production process and the sulphuric acid plant received ISO 9001 certification. In 2005, CEZinc earned its ISO 14001-2004 certification covering all environmental processes at the plant.
Noranda Income Fund is an income trust whose units trade on the TSX under the symbol "NIF.UN". The Fund owns the CEZinc processing facility ("the Processing Facility") located in Salaberry-de-Valleyfield, Québec. CEZinc is the second-largest zinc processing facility in North America and the largest zinc processing facility on the Eastern Seaboard, where the majority of its customers are located. Zinc concentrate is supplied to the Processing Facility by Xstrata (Falconbridge) under an agreement that will last until 2017. The Fund is paid a processing fee for refining the zinc, and it earns additional revenue through zinc metal premiums, byproduct credits and metal recovery gains.

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.

September 28, 2009 - The Noranda Income Fund (TSX:NIF.UN) expects to return sulphuric acid processing in Valleyfield, Que., to full capacity by the beginning of October but says investors will have to wait longer to get regular monthly payouts.  Noranda had taken about 20 per cent of the capacity at its Valleyfield zinc smelter off line last winter after a slowdown in the global economy had created a glut in sulphuric acid produced at the same plant as a byproduct.  The acid is used in a variety of industrial and mining processes.  The fund says it has been notified by Xstrata Canada, its sales agent for sulphuric acid, that market conditions have improved enough to restore the idled smelter capacity.  But Noranda says it won't restore suspended monthly distributions at this time because it still faces low margins for zinc and sulphuric acid, a high Canadian dollar and a debt level that may have put it in breach of its agreements.  Noranda stopped paying monthly distributions to ordinary unitholders in February and suspended the cash payouts to priority unitholders in July.

May 20, 2009 - The Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today its monthly distribution for the month of May 2009 of $0.04 per unit. The distribution will be payable on June 25, 2009 to Priority Unitholders of record at the close of business on May 31, 2009.  In February, the Fund had received notice from its sales agent, Xstrata Canada Corporation that it was unable to arrange for sales and/or temporary storage for sulphuric acid in quantities equal to the normal rate of production due to weak demand. As a result, since the beginning of March, production of sulphuric acid and zinc has been reduced by approximately 20% from 2008 levels. This reduced production level will continue for the month of June.  The reduction in production will negatively impact the Fund's profitability and cash flow. The Fund is unable to predict with any certainty the expected duration of weak demand for sulphuric acid.

March 26, 2009 - The Noranda Income Fund (the "Fund") (TSX:NIF.UN) announced today that it is temporarily cutting roughly 45 jobs, or 10% of its hourly workers, as a result of a 20% reduction in throughput at the zinc plant in Valleyfield.  On February 23, 2009, the Fund announced a 20% reduction to sulphuric acid and zinc production for the month of March in response to weakness in the sulphuric acid market. The Fund subsequently announced a continuation of the reduction for the month of April.  The duration of the layoff has not been determined and is dependent upon the Fund's ability to return production to full capacity.

February 23, 2009 - DBRS has today noted Noranda Income Fund’s recent announcement that March 2009 production of zinc will be reduced by approximately 20% in response to the continuing inability to find sales and/or additional storage for byproduct sulphuric acid in sufficient quantities to allow full production. DBRS believes that the production curtailment should be of short duration and has maintained the STA-3 (high) rating of Noranda Income Fund (the Fund) and the BBB (high) rating of the Senior Secured Notes of its wholly-owned Noranda Operating Trust (the Trust) Under Review with Negative Implications.

February 10, 2009 - The Noranda Income Fund reported today that it is experiencing a significant drop in sulphuric acid demand.  Sulphuric acid sales have slowed dramatically since early January because of the sharp drop in industrial activity. In addition to reduced demand for their products, sulphuric acid customers in the US have seen their competitiveness reduced by the stronger US dollar. These factors have resulted in a drop in sulphuric acid orders as customers have cut production to reduce product inventories.  The Fund's annual production of sulphuric acid, a byproduct of zinc refining, is approximately 400,000 tonnes. The Fund sells sulphuric acid through an agency agreement with Xstrata Canada Corporation ("Xstrata Canada").  The production of zinc and sulphuric acid is linked. Should the demand for sulphuric acid not improve, the lack of storage tank capacity may impact the Fund's ability to produce zinc. In an effort to alleviate the problem, Xstrata Canada is pursuing increased contractual and spot sales, including sales into the international vessel market and investigating alternative storage options.