TORONTO XSTRATA COPPER CANADA has sold the three end-of-life recycling facilities it acquired along with Falconbridge to SIMS RECYCLING SOLUTIONS, a subsidiary of Sims Group. The NORANDA RECYCLING plants are located in Brampton, Ont., Roseville, Calif., and La Vergne, Tenn. Xstrata plans to continue receiving and processing the copper- and precious metal-bearing material from the plants.
Not included in the sale were Noranda Recyclings precious metals recovery and sampling facilities in Rhode Island and California.
Following a strategic review of the end-of-life electronics recycling business, a decision was reached to divest these assets to Sims Recycling Solutions, owned by the worlds largest publicly traded metals recycler. By partnering with Sims, Xstrata Copper has the opportunity to increase the volume of recycled material processed through its Horne smelter in Rouyn, Quebec, and to grow our activity in the precious metal and copper recycling business, said Claude Ferron, Xstrata Copper Canadas COO.
Visit www.NorandaRecycling.com.
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