Who bought Noranda?
Who bought Noranda?
Noranda Aluminum Holding Corp said on Friday it sold its 263,000 tonne-per-year New Madrid primary aluminum smelter in Missouri to ARG for $13.7 million in a court-approved auction. Noranda filed for bankruptcy in February after struggling with a sharp downturn in aluminum prices amid a global glut.
Who owns Horne smelter?
Ownership information
| Type | Owner-Operator |
|---|---|
| Owner | Noranda Mines Ltd. |
| Interest | 100 |
| Home office | Canada |
| Year | 1980 |
Who bought Falconbridge?
Xstrata
Falconbridge Ltd.
| Type | Public company |
|---|---|
| Fate | Bought by Xstrata; became Xstrata Nickel |
| Headquarters | Toronto, Ontario, Canada |
| Key people | Derek Pannell, CEO Peter Kukielski, COO Aaron Regent, President Steve Douglas, EVP & CFO |
| Products | Copper, nickel, zinc, aluminium |
Can you find copper in Canada?
Canada is the fifth-largest mine producer of copper in the world. Most of the copper concentrate from mines in eastern Canada is converted to copper metal (99% pure) at smelters located at Flin Flon, Man, Sudbury and Timmins, Ont, and Rouyn-Noranda and Murdochville, Qué.
When did Noranda mining company start producing copper?
In 1955 it opened the Gaspé Copper Mines, and in 1963 Canadian Electrolytic Zinc (CEZ), in which Noranda held a large stake, began production. In 1967, Noranda divested itself at $80 per share of its holdings in Denison Mines, which it had purchased in 1964 for $12 to $18 per share.
What was the name of the Chilean mining company Noranda?
Following the 1973 Chilean coup d’état, Noranda reclaimed its 49% share in its subsidiary Chile Canadian Mines.
What did the Noranda mine do for a living?
The mine began producing gold, copper ore, sulfur, and iron, and Noranda convinced the Canadian government to lay roads, railways, and power lines. Eventually, Noranda Mines Ltd. constructed a mill and a smelter, and a city began to take shape in what was once untamed wilderness.
Who was the first president of Noranda Mines?
Noranda begins development of new copper mine including the underground mine, concentrator, smelter and surface facilities and the town of Murdochville for a total cost of $36 million. July: Murdoch work camp becomes Murdochville. The town carries the name of the first company president, James Y. Murdoch.