Aluminae Inc. has made changes to its management team as it
explores financing options with the province of Quebec.
company, which produces alumina from aluminous clay rather than
from traditional bauxite, has promoted Denis Arguin to vice
president of engineering and operations. He replaces Denis
Primeau, who left the company earlier this month.
In addition, Yves
Noël has been named vice president of business development
after previously serving as chief marketing officer.
Meanwhile, trading of
Orbite shares on the Toronto Stock Exchange was halted for just
over two hours Oct. 11 by the Investment Industry Regulatory
Organization of Canada.
Orbite said the move
came after heavy trading volume, and noted that the company was
in discussions with the government of Quebec "regarding
financing alternatives." The talks are in the early stages and
remain subject to conditions that "have yet to be satisfied and
may or may not come to fruition," the company said.