Noranda Aluminum Holding Corp. is taking cost-reducing measures related to its upstream business, which comprises bauxite mining operations in Jamaica, alumina refining in Gramercy, Louisiana, and primary aluminium smelting in New Madrid, Missouri. These actions are in response to continued low aluminium prices, the previously announced idling of two potlines at the company's New Madrid smelter, an unfavourable arbitration panel ruling regarding a bauxite production levy in Jamaica, and the bankruptcy filing by Noranda's principal third party bauxite customer.
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