Noranda

Three-Alarm Fire at Former Noranda Plant in North Carolina

Three-Alarm Fire at Former Noranda Plant in North Carolina

A fire in a furnace in the former Noranda Aluminum plant in Salisbury, North Carolina earlier this week required the building within which it is situated to be evacuated. According to a local news report, the fire was in a furnace used...

Events

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 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 […]

Swiss Firm Awarded Noranda’s New Madrid Smelter

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 […]

Judge to Pick from Two Offers for Noranda’s Upstream Business Today

Tennessee’s Noranda Aluminum received two competing offers for its upstream business this week as it auctions off an idled smelter in Missouri, an operating alumina refinery in Louisiana, and a bauxite mining operation in Jamaica. According to bankruptcy court records, Swiss firm ARG International AG, which was formed by a former top Glencore plc aluminium […]

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 […]