Gränges AB

Noranda Alumina to Fuel Century Aluminum’s Kentucky Smelters

Noranda Alumina to Fuel Century Aluminum’s Kentucky Smelters

Century Aluminum and Noranda Alumina have come to an agreement over the sale of Jamaican bauxite. The deal was announced by Noranda on Wednesday, according to Jamaican media. The contract has Noranda supplying Century with essentially all the high-grade bauxite the latter...

Events

Gränges Signs On to UN’s Global Compact

Sweden’s Gränges AB announced yesterday that it will adopt and implement the United Nations Global Compact. The UN Global Compact is a principle-based framework for businesses intended to encourage businesses to adopt policies that are both sustainable and socially responsible. The compact states ten principles in the areas of human rights, labor, the environment, and […]

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 […]

Gränges Completes Acquisition of Noranda’s North American Business

Swedish aluminium firm Gränges AB announced last week that their acquisition of Noranda’s North American business had been completed. Gränges acquired the firm during bankruptcy proceedings held at the U.S. Bankruptcy Court in St. Louis, Missouri. The bankruptcy court approved the acquisition earlier this month, paving the way for Gränges to acquire Noranda’s US$330 million […]

Noranda Enters Into “Stalking Horse” Agreement with Gränges AB for Flat-Rolled Segment, Files Auction Plan for Upstream Segment

Tennessee’s Noranda Aluminum Holding Corporation (Noranda) announced today in a press release that it has entered into an agreement with Swedish aluminium firm Gränges AB for the latter to act as a “stalking horse” for the former’s flat-rolled products business. Noranda, in the midst of a Chapter 11 reorganization in bankruptcy court, is using this […]