Mar 13 2007
Xstrata Copper Canada, one of the world's largest recyclers of precious metals and copper, announces the sale of its end-of-life recycling facilities to Sims Recycling Solutions a wholly owned subsidiary of Sims Group Ltd. The three end-of-life recycling facilities are currently operated by Noranda Recycling, a wholly-owned subsidiary of Xstrata, and are based in Roseville, California, La Vergne, Tennessee and Brampton, Ontario.
Xstrata Copper will continue to receive and process the copper and precious metal bearing product stream from the formerly owned facilities. Xstrata Copper Canada continues to operate precious metal recovery and sampling facilities located at East Providence, Rhode Island and San Jose, California under the banner of Noranda Recycling. Commercial offices in Toronto, Ontario, San Jose, California, East Providence, Rhode Island, Penang, Malaysia and Zug, Switzerland will be maintained with the goal of expanding Xstrata Copper Canada’s acquisition of recyclable materials.
“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 world’s 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 Canada’s Chief Operating Officer.
Xstrata Copper Canada started recycling materials through its Horne smelter in the 1940s and now recycles over 100,000 metric tonnes per year.