Orbite loss narrows in ’13, but quarterly loss triples

Mar 17, 2014 | 04:26 PM | Michael Cowden

Tags  Orbite Aluminae, Glenn Kelly, alumina, earnings, aluminous clay, red mud, Michael Cowden

CHICAGO — Orbite Aluminae Inc. narrowed its full-year loss in 2013 despite costs related to the construction of a high-purity alumina production facility.

The Montreal-based company, which produces alumina from aluminous clay rather than traditional bauxite, posted a net loss of Canadian $15 million ($13.6 million) last year, down 11 percent from a C$16.9-million loss in 2012.....

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