Orbite Aluminae net loss widens in qtr.

Jul 30, 2014 | 03:57 PM | Nathan Laliberte

Tags  Orbite Aluminae, aluminum, Glenn Kelly, earnings report, alumina plant, Nathan Laliberte

NEW YORK — Orbite Aluminae Inc.’s net loss widened in the second quarter compared with a year earlier as it moves toward completion of a new high-purity alumina facility in Cap-Chat, Quebec.

The Montreal-based company expects the facility to enter commercial production in the first quarter of 2015 (amm.com, July 14).

Orbite, which produces alumina from aluminous clay rather than traditional bauxite, posted a net loss of Canadian $4.3 million ($3.9 million) for the three months ended June 30, a 26.3-percent increase from a net loss of C$3.4 million in the same period last year, according to the company’s earnings results. However, the figure narrowed slightly from....





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