Noranda Forms New Company to Replace Previous Recycling Unit

Toronto, Ontario— Noranda Inc. announced that is has re-organized its wholly-owned, U.S.-based, recycling operations into a new company called Noranda Recycling Inc. Noranda Recycling is part of Noranda’s Canadian Copper and Recycling business unit and is based in San Jose, California.

The new organization will consist of three recycling facilities that were previously operated by Micro Metallics Corporation. These facilities are located in San Jose and Roseville, California, as well as Lavergne, Tennessee. A fourth plant is located in East Providence, Rhode Island and was operated by Noranda Sampling Inc. The new company will employ approximately 200 people.

Noranda Inc. is also in the process of commissioning a new end-of-life electronics’ recycling facility in Brampton, Ontario. Production at the new facility is scheduled to begin later in July and it is expected to process approximately one million pounds a month of end-of-life electronics.

The San Jose and East Providence facilities will continue to focus on copper and precious metal recovery from electronics, telecommunications, automotive, refining and metal fabrication industries. The Brampton, Roseville and Lavergne facilities will focus on end-of-life electronics recycling through Noranda’s relationship with Hewlett Packard and other original equipment manufacturers. On average, approximately 150,000 tons (15%) of the raw material feed for Noranda’s primary Canadian copper and recycling operations is derived from recyclable materials.