NEW YORK The U.S. Bankruptcy Court in Delaware has
approved the sale of certain assets of bankrupt Ormet Corp.
The approval is pursuant to the order establishing procedures
for the sale of excess assets and granting related relief.
Ormet will now have the ability and organizational power to
sell 688 tonnes of aluminum fluoride to Franklin, Tenn.-based
Noranda Aluminum Inc.
The final price was set at $950 per tonne, or $653,600,
according to documents filed Dec. 26. Noranda will have 60
days to remove the material from Hannibal, Ohio-based