Noranda Inks LOI With Cemtech For Sale Of Cement-Grade Bauxite Next Quarter

Noranda Inks LOI With Cemtech For Sale Of Cement-Grade Bauxite Next Quarter

Noranda Alumina last week signed a letter of intent (LOI) with Cemtech Materials Corporation contemplating Noranda’s sale of 60 thousand metric tons of cement-grade bauxite to Cemtech in the next quarter.

Per industry media, parent company New Day Aluminum Holdings LLC signed for Noranda. The deal will have Noranda providing Cemtech with a substitute for iron in the cement production process

“We are focused on continuously improving the sustainability of our business and reducing our environmental footprint on our path to a zero residue refinery in Gramercy,” said the Chairman and CEO of New Day Aluminium Holdings David D’Addario.

“The approval from the LDEQ coupled with our agreement with Cemtech is another step forward in that endeavour.”

Prior to the LoI was the issuance of a beneficial use approval from the Louisiana Department of Environmental Quality allowing Noranda to market bauxite residue to cement producers.

The Noranda Alumina plant in Gramercy, Louisiana is one of New Day’s two major bauxite and alumina endeavors. The plant produces smelter-grade and chemical-grade alumina and sells to buyers who use it in the production of primary aluminium and for other non-metallurgical uses. New Day also owns Noranda Bauxite, which is a bauxite mining operation in Jamaica that mines both metallurgical and non-metallurgical bauxite for sale to buyers around the globe.