New Day Aluminum Inks Deal To Sell Bauxite Residue To Cemtech
Gramercy, LA – September 10, 2020 – New Day Aluminum Holdings LLC, through its subsidiary Noranda Alumina, has executed a Letter of Intent with Cemtech Materials Corporation to sell 60,000 tons of bauxite residue beginning in the fourth quarter of 2020. This bauxite residue will be used in the cement production process as the raw material for iron (Fe), replacing other current iron bearing raw materials.
This agreement was preceded by a beneficial use approval from the Louisiana Department of Environmental Quality for Noranda Alumina to supply bauxite residue into the cement industry.
“We are focused on continuously improving the sustainability of our business and reducing our environmental footprint on our path to a zero residue refinery in Gramercy. The approval from the LDEQ coupled with our agreement with Cemtech is another step forward in that endeavor,” stated New Day Chairman and CEO, David D’Addario.
About New Day: New Day’s holdings include Noranda Alumina, located in Gramercy, Louisiana, which produces smelter grade alumina for the production of aluminum and chemical grade alumina for non-metallurgical applications, as well as Noranda Bauxite, located in St. Ann, Jamaica, which mines and ships bauxite for metallurgical and non-metallurgical applications globally. New Day also owns and operates NICHE Chemical, which supplies chemical grade alumina in North America, along with specialty minerals businesses Niche Fused Alumina in La Bâthie, France and Niche Fused Magnesia in Hull, England. New Day is principally owned by the partners of DADA Holdings. DADA is an investment and management company based in Fort Lauderdale, Florida that makes control investments and manages companies in basic industries, such as metals and mining.