CHICAGO Century Aluminum Co. is vying with Noranda Aluminum Holding Corp., Aminco Resources LLC and Bognar & Co. Inc. for carbon anodes on sale from bankrupt aluminum producer Ormet Corp., according to court documents.
Franklin, Tenn.-based Noranda wants to buy 17,086 tonnes of anodes stored at Ormets Hannibal, Ohio, location for $2.9 million, or $170 per tonne, as well as 688 tonnes of aluminum fluoride for $619,200, or $900 per tonne, for a total consideration of more than $3.5 million, according to documents filed Dec. 4 in U.S. Bankruptcy Court in Delaware.
Noranda said its bid is superior to Chicago-based Centurys because Ormet will receive a better deal by selling the anodes at its Hannibal facility and others stored in Baltimore separately. The aluminum producer also noted that it is offering to buy all of the anodes at Hannibal for $40 per tonne more than Centurys offer in addition to making an offer on aluminum fluoride that Century hasnt sought to buy.
Separately, Aminco Resources is looking to buy 34,741 tonnes of anodes stored by Ormet at the Rukert Terminal in Baltimore for nearly $4.6 million, or $132 per tonne, according to court documents. White Plains, N.Y.-based Aminco supplies carbon products to the primary aluminum and steel industries, according to its website.
Also joining the fray is Bognar, which has offered to buy 6,000 tonnes of anodes from Ormets Hannibal facility for $958,800, or $159.80 per tonne. Pittsburgh-based Bognar supplies carbon products to the steel and foundry industries, according to its website.
Century in November agreed to buy 42,841 tonnes of baked carbon anodes from Hannibal-based Ormet for nearly $5.6 million, or $130 per tonne. Competing offers were due Dec. 4 (amm.com, Nov. 25).
Ormet, which filed for Chapter 11 bankruptcy protection in February, had said it is trying to sell what it considers to be excess assets, including raw materials such as alumina, anodes, caustic soda and bauxite (amm.com, Oct. 16).
Lucerne, Switzerland-based Trafigura AG has inked a pact to pay nearly $9 million, or $281 per tonne, for 32,000 tonnes of alumina offered for sale by Ormet, outbidding Baar, Switzerland-based Glencore Xstrata Plc in an auction for the material (amm.com, Nov. 22).