Missouri Governor Announces Noranda's New Madrid Smelter Expansion (NOR)

Noranda Aluminum Holding Corporation (NYSE: NOR) and Missouri Governor Jay Nixon announced that Noranda’s New Madrid aluminum smelter has initiated steps to complete a $38 million capital project. The project will infuse more than $20 million into the local economy during construction. Noranda expects the project to increase the smelter’s annual metal production by approximately 35 million pounds by 2013.

Governor Nixon also announced an additional $1 million in economic development support for Noranda’s New Madrid operations, bringing the total economic development package to $9 million.