Ormet OK'd to sell mineral rights to Triad Hunter

Jul 03, 2014 | 01:34 PM | Nathan Laliberte

Tags  Ormet, Mary F. Walrath, Magnum Hunter Resources, Triad Hunter, Niagara Worldwide, Eric J. Spirtas, mineral rights sale, aluminum aluminum smelter

NEW YORK — Ormet Corp. has reached an agreement to sell mineral rights at its aluminum smelting facility in Hannibal, Ohio, to Triad Hunter LLC for $22 million.

The approval came after Midland, Texas-based Viper Energy Partners LP declined to submit a formal offer, according to documents filed in U.S. Bankruptcy Court in Delaware.....

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