Noranda takes big hit in 2002 (February 17, 2003)

Reflecting its decision to close the Magnola magnesium plant in Quebec, Noranda (NRD-T) has recorded a whopping $700-million loss for 2002.The $3.02-per-share loss included an after-tax charge of $630 million against Magnola and compares with losses of $92 million (or...

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