Noranda Alumina Completes US$20 Million Expansion To Gramercy Plant
Noranda Alumina advised investors late last week that it commissioned the third and final phase of a project launched in...
Gramercy
Gramercy Alumina Refinery Back Online After Hurricane Ida Devastates Louisiana
The Gramercy aluminium refinery in Lousiana is back online after Hurricane Ida devastated the region last week. Stakeholder Concord Resources told industry media on Thursday that the plant was thoroughly checked after the storm prior to resuming production. Inspectors found no significant...
“Seamless” Transfer of Ownership of Jamaican Bauxite Operations to New Day: Jamaican Minister of Finance
Jamaica’s Minister of Finance and the Public Service Audley Shaw told an audience on Sunday that the transfer of ownership...
New Day Aluminum Acquires Noranda’s Upstream Assets for US$24.43 MM
Noranda Aluminum’s remaining upstream assets are now the property of New Day Aluminum after having submitted the winning bid at...
Events
Noranda Inks Agreement with Remaining Creditors, Nominates Stalking-Horse Bidder for Remaining Upstream Assets
Franklin, Tennessee’s Noranda Aluminum Holding Corporation announced on Friday that it has negotiated a global settlement agreement with several of the lenders with outstanding claims against Noranda. The document will be submitted to the bankruptcy court handling Noranda’s Chapter 11 proceedings for approval during a hearing later this month. The agreement, among the firm’s secured […]
Noranda Delays Layoffs at Gramercy Plant Until May
The alumina plant in Gramercy, Louisiana has been granted a reprieve. Noranda announced on Tuesday that the layoffs planned at the plant would happen no sooner than May, 2016. This reprieve has temporarily kept the plant’s 113 employees at work. The firm, which filed for Chapter 11 bankruptcy protection in February, cites an ongoing tax […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
