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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549


SCHEDULE 13G
Under the Securities Exchange Act of 1934*

(Amendment No. 1)*

Noranda Inc.


(Name of Issuer)

Common Shares, no par value


(Title of Class of Securities)

655422 10 3


(CUSIP Number)

Annual Reporting Requirement


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o
o
x
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



 


 

                 
CUSIP No. 655422 10 3   Page 2 of 6 pages

  1 NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Brascan Corporation


  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a) o
        (b) x — Joint filing


  3 SEC USE ONLY

 


  4 CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada


NUMBER OF   5   SOLE VOTING POWER   96,604,783
             
SHARES      
    6   SHARED VOTING POWER   0
BENEFICIALLY            
       
OWNED BY EACH   7   SOLE DISPOSITIVE POWER   96,604,783
             
REPORTING      
    8   SHARED DISPOSITIVE POWER   0
PERSON WITH            
             

  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
96,604,783


  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
         
    Not applicable   o


  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
40.0%


  12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO, HC



 

                 
CUSIP No. 655422 10 3   Page 3 of 6 pages

  1 NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
EdperPartners Limited


  2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a) o
        (b) x — Joint filing


  3 SEC USE ONLY

 


  4 CITIZENSHIP OR PLACE OF ORGANIZATION
 
Ontario, Canada


NUMBER OF   5   SOLE VOTING POWER   96,604,783
             
SHARES      
    6   SHARED VOTING POWER   0
BENEFICIALLY            
       
OWNED BY EACH   7   SOLE DISPOSITIVE POWER   96,604,783
             
REPORTING      
    8   SHARED DISPOSITIVE POWER   0
PERSON WITH            
             

  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
96,604,783


  10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
         
    Not applicable   o


  11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
40.0%


  12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
CO, HC



 

                 
CUSIP No. 655422 10 3   Page 4 of 6 pages

     
Item 1(a)   Name of Issuer
     
    Noranda Inc.
     
     
Item 1(b)   Address of Issuer’s Principal Executive Offices
     
    181 Bay Street
    Suite 4100
    Toronto, Ontario
    M5J 2T3
     
     
Item 2(a)   Name of Person Filing
     
    Brascan Corporation (“Brascan”)
    EdperPartners Limited (“Edper”)
     
     
Item 2(b)   Address of Principal Business Office or, if none, Residence
     
    BCE Place, 181 Bay Street
    Suite 4400, P.O. Box 762
    Toronto, Ontario
    M5J 2T3
     
     
Item 2(c)   Citizenship
     
    See item 4 of cover pages
     
     
Item 2(d)   Title of Class of Securities
     
    Common Shares, no par value
     
     
Item 2(e)   CUSIP Number
     
    Common Shares: 655422 10 3
     
     
Item 3.   Not applicable

 


 

                 
CUSIP No. 655422 10 3   Page 5 of 6 pages

               
Item 4.   Ownership
 
      (a)   Amount Beneficially Owned:
 
  See item 9 of cover pages. Brascan beneficially owns the Common Shares directly through subsidiaries. Brascan’s major shareholder is Edper. Edper beneficially owns the Common Shares indirectly through Brascan.
 
      (b)   Percent of Class:
 
  See item 11 of cover pages
 
      (c)   Number of shares as to which such person has:
 
  (i)   sole power to vote or to direct the vote:
 
  See item 5 of cover pages
 
  (ii)   shared power to vote or to direct the vote:
 
  See item 6 of cover pages
 
  (iii)   sole power to dispose or to direct the disposition of:
 
  See item 7 of cover pages
 
  (iv)   shared power to dispose or to direct the disposition of:
 
  See item 8 of cover pages
     
Item 5.   Ownership of Five Percent or Less of a Class
 
    Not applicable
     
Item 6.   Ownership of More than Five Percent on Behalf of Another Person
 
    Not applicable
     
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
 
    Not applicable

 


 

                 
CUSIP No. 655422 10 3   Page 6 of 6 pages

     
Item 8.   Identification and Classification of Members of the Group
 
    Not applicable
 
     
Item 9.   Notice of Dissolution of Group
 
    Not applicable
     
 
Item 10.   Certifications
 
    Not applicable
 

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of February 3, 2003.

             
    BRASCAN CORPORATION
 
             
    By:   /s/ Alan V. Dean
        Name:   Alan V. Dean
        Title:   Senior Vice President,
Corporate Affairs and Secretary
             
             
    EDPERPARTNERS LIMITED
 
             
    By:   /s/ Brian D. Lawson
        Name:   Brian D. Lawson
        Title:   President and Secretary