Xstrata Copper to up recycling volume through partnership with Sims Group |
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Mon, 12 Mar 2007 14:11
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LONDON (AFX) - Xstrata Copper Canada said it intends to increase the volume of recycled material processed through its Horne smelter in Rouyn, Quebec, after selling three end-of-life electronics recycling facilities to a subsidiary of scrap metal merchant Sims Group Ltd for an undisclosed sum.Xstrata Copper said it will continue to receive and process the copper and precious metal bearing product stream from the facilities, which are currently operated by its Noranda Recycling subsidiary.The sale will also help the company grow its activity in the precious metal and copper recycling business, it said in a statement.Commercial offices in Canada, the US, Malaysia and Switzerland will be maintained with the goal of expanding Xstrata Copper Canada's acquisition of recyclable materials.newsdesk@afxnews.comfaj/jrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Australia's Sims buys Californian electronics recycling business from Xstrata 