Noranda Expands Operations into Canada

Toronto— Noranda Inc. is investing in a new electronic hardware recycling facility in Canada. The state-of-the-art operation, the only one of its kind in Canada, will be located in an 82,200 square-foot industrial facility in Brampton, Ontario, approximately 30km northwest of the City of Toronto. The new facility is expected to be operational by summer 2003.

The expansion is a direct response to increasing volumes of end-of-life electronics in Canada. Noranda's recycling processes ensure that unwanted hardware is recycled in a way that conserves resources and promotes sustainable development. Capital investment in the project is expected to be approximately $3 million and will create about 20 new jobs during the initial start-up. Material from the new Brampton plant will be shipped to Noranda's Horne smelter in Rouyn-Noranda, Quebec for further processing and metal recovery.

Noranda's Brampton recycling facility, to be called "Noranda Recycling", enhances the company's commitment to environmentally sound recycling of end-of-life electronics.

Electronics recycled at Noranda Recycling will come from many sources across Canada including electronic equipment manufacturers, businesses, governments and municipalities. The plant is expected to process approximately one million pounds a month of end-of-life electronics after ramp-up and 100% of all electronic hardware will be recycled.