Jamaican Government and Workers Benefit from Noranda Bauxite Mine

Yellow excavator
Photo by Tom Fisk from Pexels

Yale University graduate David D'Addario serves as the chairman and chief executive officer of New Day Aluminum, LLC. A prominent executive in the metals manufacturing and recycling industries, David D'Addario led his company’s acquisition of Noranda Bauxite and Aluminum in late 2016, reviving the failing operation.

Due to reduced global demand and falling prices, Noranda was in danger of closing its mining operation in Jamaica and its refinery in Gramercy, Louisiana. New Day Aluminum’s expert leadership and an infusion of $35 million in capital improvements helped Noranda avoid closing its operations and craft a sustainable path forward.

Lifting the economy not only in Gramercy, Louisiana, but also in Jamaica, New Day Aluminum agreed to pay the Jamaican government 17.3 percent of the combined profits of the bauxite mine and the US alumina facility. In addition to this revenue, Jamaica benefits from the preservation of more than 800 jobs related to the mining operation.

Shehan Center Dodge Ball Tournament

With over three decades of experience in the metals industry, business executive David D'Addario is the chairman and CEO of New Day Aluminum. David D'Addario is also active in charitable works and is an avid supporter of Shehan Center.

Shehan Center is a nonprofit organization that caters to the educational, recreational, and social needs of young people belonging to moderate and low-income families. To serve this purpose, one of the events that Shehan Center will sponsor to raise funds is the Dodge Ball Tournament, which will be held on July 9, 2019, at the InSports Center. The tournament is open to individuals as well as groups. Shehan Center encourages employers to treat their employees to a fun night out by joining the tournament. The proceeds of the event will benefit Shehan Center’s After School and Saturday Program.

The After School and Saturday program offers youth a great way to spend their after school hours and Saturdays by engaging in various activities. Among these are sports such as swimming, basketball, bowling, and hiking, and arts such as coloring, drawing, and painting. There are also opportunities for cooking and playing board games.

Concord Resources Obtains Minority Position in New Day Aluminum

Leading New Day Aluminum since 2016, David D'Addario is an industry executive and expert in the field of metals. Based in Florida, New Day Aluminum assists in the production of both smelter-grade alumina, a key component in the production of aluminum, and chemical-grade alumina, which is used for non-metallurgical and metallurgical purposes around the globe. David D'Addario recently welcomed Concord Resources Limited CEO Mark Hansen to the board of New Day Aluminum.

On October 2, 2018, New Day and Concord announced via press release they had advanced their partnership: Concord Resources obtained a minority interest equity position at New Day Aluminum Holdings, LLC. The parent company of Noranda Bauxite and Alumina, New Day Aluminum Holdings said Concord had been "a key marketing partner" since its inception. 

Concord's significant investment comes on the heels of the completion of two expansion projects at New Day's Noranda Alumina facility in Louisiana and the conclusion of refinancing estimated at $110 million.