Walter Industries, Inc., through its operating segments offers a line of products and services, including coal and natural gas, furnace and foundry coke and slag fiber, mortgage financing, and home construction. The segments of the Company include Natural Resources, Sloss, Financing, Homebuilding and Other. The Natural Resources segment consists of Jim Walter Resources, Inc. (JWR), Tuscaloosa Resources, Inc. (TRI), Kodiak Mining Company, LLC (Kodiak) and United Land Corporation (United Land). Sloss is a manufacturer of furnace and foundry coke and slag fiber. The Financing segment, which includes Walter Mortgage Company (WMC), originates, purchases, services and securitizes non-conforming instalment notes and loans that are secured by mortgages and liens. The Homebuilding segment includes Jim Walter Homes, Inc. (JWH), which is an on-your-lot homebuilder. The Other segment includes the Company's other land subsidiaries and corporate expenses. (Source: 10-K)
Noranda Income Fund (the Fund) is a Canada-based, open-ended trust. The Fund was created to acquire Xstrata Canada Corporation’s (Xstrata Canada) CEZinc Processing Facility (the Processing Facility), located in Salaberry-de-Valleyfield, Quebec. Xstrata Canada is a wholly owned subsidiary of Xstrata plc. The Fund distributes the cash generated by the Processing Facility, to its unitholders. The primary objective of the Fund is to provide monthly cash distributions to its unitholders. During the year ended December 31, 2007, the Fund processed approximately 514,000 tons of zinc concentrate. Canadian Electrolytic Zinc Limited acts as the manager of the Fund. (Source: ARS)
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