UPDATE 2-Rio picks China-backed Yancoal over Glencore for coal sale
* Rio CEO says Yancoal bid offers "compelling value" (Adds share price, shareholder votes, analyst, context)
TORONTO, March 1 Noranda Income Fund said on Wednesday that management had restarted production at its zinc processing plant in Salaberry-de-Valleyfield, Quebec and was ramping up output as a strike that started Feb. 12 continues.
The company said it looked forward to resuming negotiations with the plant's 371 unionized workers, represented by the United Steelworkers of America. They walked off the job after the two sides could not agree on proposed changes to the pension plan in a new collective bargaining agreement. (Reporting by Susan Taylor)
* Businessmen welcome Mohammed bin Salman becoming crown prince