CAPITAL MARKETS

Noranda back in the black

NORANDA has reported a third quarter profit of US$20 million, a sharp reversal on the loss of US$43 million in the previous corresponding period.

Tim Treadgold
Noranda back in the black

The big Canadian miner’s result was aided by a one-off item, the sale of units in the Noranda Income Fund. Analysts said that without the sale the company would have reported a loss. Chief executive...

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