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Aluminum Production Continues at Noranda's New Madrid Plant Following Damage to Casthouse


Franklin, Tennessee - August 5, 2015 - Noranda Aluminum Holding Corporation (NYSE: NOR) announced today that  molten aluminum production at its New Madrid, Missouri aluminum plant is continuing at the same level as before an explosion yesterday in that facility's casthouse.

Although the incident affected the Company's production of extrusion billet, the Company is redirecting that portion of the plant's molten aluminum output to other saleable products such as redraw rod and aluminum ingot.

"We are thankful that no serious injuries occurred as a result of yesterday's incident," said Layle K. "Kip" Smith, Noranda's President and Chief Executive Officer. "We are investigating the incident's cause and assessing the damage to the casthouse. Once that assessment is complete we will determine the necessary steps and timeline for restoring our extrusion billet production. Other than the casthouse, which is a discrete, single unit part of the facility, the plant is operating at the same level as before yesterday's incident."

The incident, which occurred at approximately 12:30 p.m. CDT on Tuesday, August 4, is being investigated as a molten metal explosion. Noranda's on-site emergency action team, joined by local emergency response units, responded quickly to secure the area and provide necessary medical attention. Injuries were limited to non-critical abrasions, dust irritation, and smoke inhalation.

No estimates are available at this time regarding the financial impact of the incident. Noranda expects that some or all of the financial impact will be mitigated by property and business interruption insurance.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expectation that the financial impact of the incident will be mitigated by property and business interruption insurance. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause the Company's actual results to differ materially from those expressed in forward-looking statements, including, among others, unanticipated limitations on insurance coverage. Forward-looking statements contain words such as "believes," "expects," "will," "may," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions that relate to Noranda's strategy, plans or intentions. Noranda undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise except as otherwise required by law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made and which reflect management's current estimates, projections, expectations or beliefs.

For a discussion of additional risks and uncertainties that may affect the future results of Noranda, please see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.

About the Company

Noranda Aluminum Holding Corporation is a leading North American integrated producer of value-added primary aluminum products, as well as high quality rolled aluminum coils.

Contact Information

John A. Parker
Vice President of Communication and Investor Relations
(615) 771-5734

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Noranda Aluminum Holding Corporation via Globenewswire


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