Noranda Alumina has secured a long term agreement with the Century Aluminum to supply smelters in Hawesville and Sebree, Kentucky with smelter grade alumina.

Commenting on the announcement, David D'Addario, the chairman and chief executive officer of Noranda and managing partner of DADA Holdings, said that the long term agreement with the Century Aluminum marks an essential development in Noranda’s future.

The alumina refining and Jamaican bauxite mining assets of Noranda were acquired by DADA Holdings in the late 2016, which is an investment and management company located in Fort Lauderdale, Florida. The new contract will cover the total alumina requirement of the Century smelters.

According to the DADA management group, Noranda asset was procured to find a stable, long-term outlet for a substantial portion of its alumina production.

They further commented that this contract will support the company to expand their alumina refining business.