Canadian base metals producer Noranda saw a net loss of 92m Canada dollars in 2001 compared to earnings of 293m Canada dollarsin 2000. The company was hit particularly badly in the fourth quarter when it recorded a 62m Canada dollars loss before restructuring charges of 22m Canada dollars. In 2000 the company's net fourth-quarter earnings were 71m Canada dollars. David Kerr, Noranda's chairman and ceo, said: "2001 was a mixed year for Noranda. The severe drop-off in global economic activity had a significant negative impact on our financial results."
NSTL
