Tag Archives: smelter


Economic development amendment would add boot heel support for SB 190

Economic development amendment would add boot heel support for SB 190

NEW MADRID, Mo. – SB 190 seeks to provide the Missouri Public Service Commission (PSC) new options to rehabilitate the state’s aging electric grid. The bill has already spent several hours on the Senate floor being debated, and now has a new economic development amendment being proposed that could lead to 500-600 jobs being created

noranda pic

Noranda files bankruptcy, legislative action likely only avenue for survival

NEW MADRID, Mo. – Noranda Aluminum announced Monday they have initiated court-supervised restructuring under Chapter 11 of the United States Bankruptcy Code. Noranda has taken this action to have additional time and financial flexibility to evaluate options for its various business operations. There has been a great deal of discussion about a potential legislative deal between

noranda pic

Noranda to lay off 530 employees, legislative solution to be sought

NEW MADRID, Mo. – After an electrical circuit failure incident in recent weeks, shutting 2 of 3 smelting pot lines down, Noranda Aluminum announced Wednesday will be laying off 480 employees by February 4. Nearly 1,000 Missourians are currently employed by the smelter. The layoffs are in response to the continuing decrease in aluminum prices and the

kip smith noranda announcment

Noranda CEO buys $99k in NOR stock after PSC rate case

NEW MADRID, Mo. – Noranda Aluminum CEO Kip Smith bought $100,000 worth of shares of NOR last week, in what legislators are calling a “statement” in light of the company’ recent rate case compromise before the Public Service Commission. Noranda owns and operates an aluminum smelter in New Madrid that employs approximately 900 and accounts


Noranda finalizes bootheel expansion project after PSC rate relief case

NEW MADRID, Mo.- Noranda Aluminum’s smelter, located in Missouri’s bootheel, announced today they had finalized $15 million of project-specific financing that will allow it to complete their redraw rod mill on the site of the smelter. The new rod mill will increase Noranda’s production capacity by approximately 43% and will make the facility one of the