It is the first quarter since Noranda fully acquired both operations from Century Aluminum Company.
For the third quarter of 2009, Noranda reported net income of $8M, compared to a net loss of $12.1M in Q2 2009 and $22.4M in Q3 2008, the company said in its preliminary financials.
Noranda completed the full acquisition of St Ann and Gramercy operations from Century on 31 August .
The company said the acquisition would allow it to ‘vertically integrate’ its operations by securing alumina for its aluminium operations. Noranda and Century had a 50/50 joint venture in St Ann and Gramercy. Century and Noranda will, however, enter into an agreement under which Century will purchase alumina from Gramercy in 2009 and 2010.
Century and Noranda jointly acquired Gramercy and St Ann from Kaiser Aluminum and Chemical Corporation in 2004.
Gramercy operates a 1.2Mt/y alumina refinery located in Louisiana, USA and St Ann owns and operates a 4.8Mt/y bauxite-mining operation in Jamaica. As a result of the economic crisis, Gramercy and St Ann have been producing at approximately 50% and 40% of their rated capacities since early 2009.