Aluminum
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) entered into an offtake agreement with Glencore International AG, a subsidiary of Glencore Xstrata plc. The agreement is for the purchase of smelter-grade alumina from the Company’s proposed smelter-grade alumina (SGA) plant in Quebec. As quoted in the press release: The Agreement provides for the purchase by Glencore of 100% of [...]
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced that its annual general meeting of shareholders will be held in Montréal on June 20, 2013.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Denis Arguin as Vice President of Operations and reported an updated capital cost and timeline estimates for completing its high-purity alumina (HPA) production plant in Cap-Chat, Quebec.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) adopted a majority voting policy for election of directors, which will allow the shareholders of the Company to vote in favour of or to withhold from voting for each director nominee separately. Orbite Aluminae also announced changes to its Board of Directors.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Peter Crossgrove, Pascal Decary, and Claude Lamoureux to its Board of Directors, effective immediately.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Glenn R. Kelly as the Company’s Executive Vice-President and Chief Operating Officer. His appointment will be effective as of May 21, 2013.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) confirmed that unusual trading occurred following the market open and commented on its impact on the Company’s share price, but the Company is not aware of any reason that explains this share price movement.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) and Veolia Environmental Services signed an agreement for the treatment and recycling of red mud generated by industrial alumina production using the Bayer process. Veolia Environmental Services is the only worldwide integrated operator that covers the entire value chain of waste management (collection, sanitation, treatment, and recovery).
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) was named as the National Winner of the 2012 Awards in New Technology for the innovation of alumina production without red mud waste.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced it plans to complete a private placement for up to $5,000,000. Each $5,000 unit is comprised of 1,156 flow-through shares at $3.25 each, and 478 non flow-through shares at $2.60 each.
