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...
Noranda
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...
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...
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...
Events
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 […]
Sherwin Alumina to Close Texas Refinery
Sherwin Alumina Co. announced yesterday that it is closing its plant in Gregory, Texas. The closing is part of Sherwin’s Chapter 11 bankruptcy liquidation plan. According to the company, the plant, which is located about 200 miles southwest of Houston, is a casualty of the bankruptcy court’s releasing of Noranda Bauxite Ltd. from its supply […]
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 […]
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 ...
