Noranda Union Ratifies Agreement

Employees at Noranda's Horne Smelter ratify new collective agreement.

Noranda Inc. announced that 550 unionized employees at its Horne smelter in Rouyn-Noranda, Quebec have voted in favor of accepting the terms of a new three-year collective agreement. The employees have been on strike since June 18, 2002.

"We are satisfied that the new collective agreement will help to assure the mid to long term viability of the smelter," stated Claude Ferron, vice president and general manager, Noranda's Horne smelter and CCR.

In 2002, the Horne Smelter treated 689,000 metric tons of material containing copper, 44,700 metric tons of recycled precious metals and produced 147,020 metric tons of copper anodes and 510,175 metric tons of sulphuric acid.