New Day Aluminum’s acquisition of Noranda’s Gramercy Alumina Smelter and St. Anne Bauxite Mine

Bankruptcy Restructuring

True North advised New Day Aluminum in its acquisition during the bankruptcy auction of Noranda’s remaining upstream assets consisting of the 1.2 million metric ton per year Gramercy alumina refinery and the St. Ann bauxite mine in Jamaica. The estimated replacement value for the assets purchased is excess of $1 billion.