Utilities Legislation That Could Lead to Reopening of Noranda Plant Debated by Missouri Legislature
Missouri’s Governor Eric Greitens called the state’s legislature to a special session earlier this week in order to take up...
Missouri’s Governor Eric Greitens called the state’s legislature to a special session earlier this week in order to take up...
A fire in a furnace in the former Noranda Aluminum plant in Salisbury, North Carolina earlier this week required the...
Jamaica’s Minister of Finance and the Public Service Audley Shaw told an audience on Sunday that the transfer of ownership...
Seven-hundred fifty-five days after the lockout began, an agreement to officially close Sherwin Alumina Co.’s plant in Texas is finally in place. A bankruptcy judge approved the agreement on Thursday, which will allow for the payment of severance benefits to the plant’s union workforce. U.S. Bankruptcy Court judge David R. Jones executed an order releasing […]
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 […]
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 […]
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 […]
Swiss firm ARG International was awarded title to Noranda’s plant in New Madrid, Missouri when a federal bankruptcy court accepted their bid of US$13.7 million on Friday, beating out a competing bid of US$13 million from “stalking horse” bidder MFR II LLC. Although Noranda officials did not comment beyond confirming the winning bidder, representatives of […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...