CHICAGO Orbite Aluminae Inc. has signed an offtake
agreement with Glencore International AG for smelter-grade
alumina from Orbites proposed plant in Quebec.
The Montreal-based company, which produces alumina from
aluminous clay rather than from traditional bauxite, said June
17 that the agreement would see Glencore buy all of the
smelter-grade alumina from Orbites first proposed plant
in Quebec for an initial term of 10 years beginning with
commercial production at the facility.
In addition, Orbite and Glencore have agreed to discuss the
possibility of the Swiss trading house, a subsidiary of
Glencore Xstrata Plc, potentially taking an ownership stake in
Orbites plant in Quebec, the company said. No timetable
has been set for the negotiations, Orbite said.
We are definitely pleased to be executing our first
offtake agreement with a company of Glencores stature and
experience in the alumina industry, Orbite chief
operating officer Glenn Kelly said in a statement.
Orbite started shipping commercial samples of high-purity
alumina (HPA) in March from its new plant in Cap-Chat, Quebec,
to customers in North America, Asia and Europe. The company is
also planning to build an aluminum smelter-grade alumina plant,
with a feasibility study on the project slated for completion
by the end of 2013 (
amm.com, March 28