Noranda Income Fund (NIF) has extended its exclusive agreements with Glencore Canada for the purchase of zinc concentrate and the sale of zinc metal for an additional three years through to April 30, 2025.
The agreement will renew automatically for five-year terms after it expires, unless Glencore Canada opts not to renew.The Toronto, Canada-listed company said the agreement's non-renewal notice period has also been increased from 180 days to 540 days, and that in the event the deal is not renewed, Glencore Canada has agreed to...