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...
Franklin, Tennessee’s Noranda Aluminum Holding Corporation announced on Friday that it has negotiated a global settlement agreement with several of...
Swiss firm ARG International was awarded title to Noranda’s plant in New Madrid, Missouri when a federal bankruptcy court accepted...
Tennessee’s Noranda Aluminum received two competing offers for its upstream business this week as it auctions off an idled smelter...
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 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 […]
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 […]
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 […]
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
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