Share on Facebook
Share on X
Share by Email
Share on Google Classroom
Its principal activities are in mining, manufacturing, forest products and oil and gas exploration, with its subsidiary, Noranda Sales Corporation Ltd, handling worldwide sales. Noranda has properties in Canada, the US and overseas, including South America and Australia.
Noranda Inc
Noranda Inc, with head offices in Toronto, is a multinational, multi-product company. The company was incorporated in 1964 as an amalgamation of Geco Mines Ltd (incorporated in 1953) and Noranda Mines Limited (incorporated in 1922 to acquire mining claims in Ontario and Québec from a private syndicate). The company grew through acquisitions in mining and related industries, and today it is a diversified natural-resource company.Its principal activities are in mining, manufacturing, forest products and oil and gas exploration, with its subsidiary, Noranda Sales Corporation Ltd, handling worldwide sales. Noranda has properties in Canada, the US and overseas, including South America and Australia. In 1995 it had sales or operating revenues of $8.4 billion, assets of $12.8 billion and over 32 000 employees. BRASCAN holds 44% of the shares.
