Jamaica Noranda

Noranda Lands Long-Term Bauxite Contract with Concorde Resources

Noranda Lands Long-Term Bauxite Contract with Concorde Resources

Noranda Aluminium Holding Corporation’s successor announced late last week an agreement to market and sell bauxite from its plants in Jamaica and Louisiana to London’s Concorde Resources. DADA Holdings LLC made the announcement on Friday, explaining that the agreement would have Concorde...

Jamaica’s Mining Minister Says Partnership for Noranda Plant Must Come Soon

Jamaica’s Minister of Transport and Mining Mike Henry informed the Jamaican House of Representatives last week that the government must establish a new partnership for operating Noranda’s facilities on the island by today or risk losing funding from creditors. “The government is not hastening to conclude an agreement with New Day Aluminium,” Henry told the […]

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 the court-sanctioned bankruptcy auction on Tuesday. Court filings indicate that their bid bested the offer submitted by ARG International AG. New Day was the designated stalking-horse bidder at auction, beating out ARG, which is the […]

Noranda, Government Partners to Make Bauxite-Mind Lands Fertile Again in Jamaica

Greenhouse farms are popping up on areas formerly used for mining in Jamaica, as Transport and Mining Minister Mike Henry observed as he toured one in St. Ann Parish. Accompanied by executive director of the Jamaica Bauxite Institute (JBI) Parris Lyew-Ayee and managing director of the Jamaica Social Investment Fund (JSIF) Omar Sweeney, Henry toured […]

Jamaican Government Calls for Three-Way Meetings with Noranda, Labor Unions

Jamaica’s Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, is seeking a three-way meeting among the Jamaican government, labor unions, and the management of Noranda Bauxite Limited (NBL). Speaking at a meeting with labor union officials on Friday, Paulwell indicated that the purpose of such a meeting would be to make sure the […]

Jamaican Government Stands Firm on Noranda’s Bauxite Levy

The Jamaican government will not forgive Noranda of its levy obligations, despite the firm’s declining profits. Jamaica’s Minister of Finance and Planning Dr. Peter Phillips advised the House of Representatives of same on Tuesday. Under the 1974 agreement, Noranda is to pay US$7.56 per metric ton. However, the firm and the government agreed to concessions […]