Noranda Mines
Defunct mining and metallurgy company originally from Rouyn-Noranda, Quebec, Canada
Noranda Mines, Limited, and from 1984 onwards Noranda Inc., was a Canadian mining company that existed from 1922 to 2005. It was listed on the TSX under the symbol NRD.LV. After eventually acquiring a large interest in rival mining company Falconbridge, it merged with that company in 2005. The combined company continued under the name Falconbridge Limited, ending the Noranda name. Only one year later in 2006 Falconbridge was acquired by the Swiss-based mining company Xstrata. On 2 May 2013 ownership of Xstrata was fully acquired by mining behemoth Glencore.
History and operations
Noranda was incorporated in 1922 as Noranda Mines under the leadership of James Y. Murdoch to exploit the Horne deposit, discovered by Edmond Henry Horne on mineral claims he staked in 1920 near Rouyn-Noranda, Quebec. Extraction of copper began on 17 December 1927. Although extraction was originally predicted to last for only three years, additional reserves (the gigantic "Giant H Orebody") were quickly discovered; the mine would form the backbone of Noranda's operations until reserves were exhausted in 1976.
Beginning in 1930, Noranda diversified by acquiring holdings in the forestry, oil, manufacturing, and automotive industries. In 1931, the company opened the CCR refinery in Montréal-Est, which processes all the copper produced by the Horne Smelter.
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This entry incorporates text from “Noranda Mines” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.