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.