Ormet Corp

Type: Company
Name: Ormet Corp
Nationality: United States
First reported Jul 25 2014 - Updated Jul 25 2014 - 4 reports

Magnum Hunter Buys Marcellus, Utica Mineral Interest

Magnum Hunter Resources Corp. (NYSE: MHR) announced July 24 that it closed on the purchase of about 1,700 net mineral acres located in Monroe County, Ohio and Wetzel County, W.Va. for $22.7 million from the Ormet Corp.This acquisition will increase the ... [Published A-Dcenter.com - Jul 25 2014]
First reported Jul 24 2014 - Updated Jul 25 2014 - 2 reports

Missouri regulators oppose Noranda's rate reduction request

Updated at 6: 15 p.m. with proposed compromise by the state’s Office of Public Counsel.State utility regulators indicated they will deny Noranda Aluminum’s request for a lower electric rate from Ameren Missouri, saying the southeast Missouri smelter’s ... [Published STLtoday.com - Jul 25 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Ormet Power Rates Critical

Half the equation the Ormet Corp.'s new owner needs to solve to get the Hannibal aluminum plant back in operation appears to be in place. Aluminum prices are on the upswing. ... [Published Intelligencer Wheeling News-Register - Jul 23 2014]
Entities: Ormet Corp, Aluminium, Owner
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Gaza rocket lands near Israel's main airport

Gaza rocket lands near Israel's main airportUpdated: Tuesday, July 22 2014 12:08 PM EDT 2014-07-22 16:08:12 GMTAs a result, Delta Air Lines says it is canceling all flights to Israel until further notice.As a result, Delta Air Lines says it is canceling ... [Published State Journal - Jul 22 2014]
First reported Jul 19 2014 - Updated Jul 19 2014 - 2 reports

Court Accepts Bid for Ormet Plant

A Wisconsin firm has been cleared by a bankruptcy judge to buy the Ormet Corp. plant in Hannibal, Ohio.Because of this ruling, Niagara Worldwide will most likely become the new owner of the building.Niagara is still looking at an array of options for ... [Published WTRF - Jul 19 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 1 reports

Holding Out Hope

The waiting game isn't over, but it has at least changed.While former Ormet workers, and really the whole community, still don't know the fate of the local plant, we do know there is now a new owner.Niagara Worldwide LLC has purchased the assets of the ... [Published Wetzel Chronicle - Jul 03 2014]
First reported Jul 02 2014 - Updated Jul 02 2014 - 1 reports

State can help save Ormet plant

O hio Gov. John Kasich's staff should have just one thing to say to Eric J. Spirtas:"How may we help?"Spirtas is president of Niagara Worldwide, the Wisconsin company that last week submitted the high bid for the bankrupt Ormet Corp.'s assets. Niagara ... [Published Salem News - Jul 02 2014]
First reported Jun 29 2014 - Updated Jun 29 2014 - 1 reports

Ormet sold for $25.25 million

Updated: Saturday, June 28 2014, 07:32 PM EDTHANNIBAL, W.Va. –Niagara Worldwide LLC won the rights to purchase the assets of Ormet Corp. for $25.25 million during a private auction Friday.Niagara Worldwide is a property developer that acquires, manages, ... [Published WTOV 9 - Jun 29 2014]
First reported Jun 28 2014 - Updated Jun 28 2014 - 1 reports

Ormet Auctioned For $25.25 Million

HANNIBAL - Niagara Worldwide LLC won the rights to purchase the assets of the idled Ormet Corp. for $25.25 million during a private auction. ... [Published Intelligencer Wheeling News-Register - Jun 28 2014]
Entities: Ormet Corp
First reported Jun 20 2014 - Updated Jun 20 2014 - 1 reports

Ormet to Auction Ohio Smelter in June

Ormet Corp . received bankruptcy-court approval to sell its idled aluminum smelter in Hannibal, Ohio, at auction with an offer worth more than $15 million to lead bidding.Judge Mary F. Walrath signed off Thursday on the liquidating-aluminum company's ... [Published Dow Jones Financial Information Services - Jun 20 2014]
First reported Jun 13 2014 - Updated Jun 13 2014 - 1 reports

Ormet May Sell for $15M

HANNIBAL - Last year, Wayzata Investment Partners offered to purchase the Ormet Corp. aluminum smelter for $221 million, with plans to eventually power the plant with locally produced natural gas. ... [Published Intelligencer Wheeling News-Register - Jun 13 2014]
First reported May 26 2014 - Updated May 26 2014 - 1 reports

Century Mulls Ormet Assets

HANNIBAL - While officials with the United Steelworkers maintain hope that someone will purchase the closed Ormet Corp. smelter with intentions of operating it, published reports show Chicago-based Century Aluminum Co. may purchase equipment and raw materials ... [Published Intelligencer Wheeling News-Register - May 26 2014]

Quotes

...a wholly owned subsidiary of Magnum Hunter, commented, "We are very pleased to announce this successful acquisition of proved reserves and mineral leases. Our Land Department has worked on this transaction for about one year now due to the complexities of dealing with a bankrupt estate. We have been highly encouraged with our Marcellus production results on this property. With this purchase, we can now drill an additional 5 Marcellus wells (total of 8). By owning the Utica mineral rights acquired, we also have a new opportunity to drill another 7 new wells which appear to be geologically well situated based upon our Stalder Pad production results and the recent data obtained from drilling, logging, and fracture stimulating the StewartStewart Winland 1300 UH located immediately across the Ohio River in West Virginia. Therefore, this 1,700 net mineral lease acquisition allows for a total of 15 wells, approximately 100% of which will be owned by Magnum Hunter."
...this issue and they have not recommended this," PSC Commissioner Stephen Stoll said during the hearing that was archived on an online video file. "And I don't think the evidence in the record really supports Noranda's complaint. I think it was up to them to make that case, and I don't believe they really did."
...25 million. What they will now do with that acquisition is hard to tell, but we are happy to hear the company's president say they are "trying to figure out how to convert on good people, good property, and a good region."
"It is a fantastic region, and it has incredible resources, which is why for 60 years they've had a plant there" he said

More Content

All (39) | News (38) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Magnum Hunter Buys Marcellus, Utica Mineral Int... [Published A-Dcenter.com - Jul 25 2014]
Magnum Hunter Resources announces acquisition o... [Published Oil Earth - Jul 25 2014]
Magnum Hunter Resources Announces Acquisition o... [Published Reliance Trust - Jul 25 2014]
Magnum Hunter Resources Announces Acquisition o... [Published Marketwire - Breaking News Releases - Jul 25 2014]
Missouri regulators oppose Noranda's rate reduc... [Published STLtoday.com - Jul 25 2014]
Mo. regulators oppose Noranda's rate reduction ... [Published BusinessWeek - Jul 24 2014]
Ormet Power Rates Critical [Published Intelligencer Wheeling News-Register - Jul 23 2014]
Gaza rocket lands near Israel's main airport [Published State Journal - Jul 22 2014]
PAUL G. CRUM 1922-2014 [Published Daily-Jeff - Jul 20 2014]
Court Accepts Bid for Ormet Plant [Published WTRF - Jul 19 2014]
Court accepts bid for idle Ormet plant [Published Columbus Dispatch - Jul 19 2014]
Holding Out Hope [Published Wetzel Chronicle - Jul 03 2014]
State can help save Ormet plant [Published Salem News - Jul 02 2014]
Ormet sold for $25.25 million [Published WTOV 9 - Jun 29 2014]
Ormet sold for $25.25 million [Published Columbus - Jun 28 2014]
Ormet Auctioned For $25.25 Million [Published Intelligencer Wheeling News-Register - Jun 28 2014]
State agency approves corporate incentives [Published The Advocate - Jun 21 2014]
Ormet to Auction Ohio Smelter in June [Published Dow Jones Financial Information Services - Jun 20 2014]
Ormet May Sell for $15M [Published Intelligencer Wheeling News-Register - Jun 13 2014]
Rally for Jobless Benefits Planned Saturday [Published Intelligencer Wheeling News-Register - Jun 13 2014]
Century Mulls Ormet Assets [Published Intelligencer Wheeling News-Register - May 26 2014]
Make Reviving Ormet a Priority [Published Intelligencer Wheeling News-Register - May 21 2014]
Forward Integration Has Become a Strategic Tren... [Published PRWeb - Apr 30 2014]
Harvey Haught [Published Intelligencer Wheeling News-Register - Apr 22 2014]
FitzGerald Takes Ormet ‘Crisis’ Statewide [Published Intelligencer Wheeling News-Register - Feb 24 2014]
Ormet Is Looking to Sell Smelter [Published Intelligencer Wheeling News-Register - Feb 23 2014]
Natural Gas Is ‘Lifeline’ for Monroe County [Published Intelligencer Wheeling News-Register - Feb 09 2014]
Ormet Bill Introduced [Published Intelligencer Wheeling News-Register - Feb 06 2014]
James Kain [Published Intelligencer Wheeling News-Register - Jan 23 2014]
Alcoa Buys Raw Materials From Ormet [Published Intelligencer Wheeling News-Register - Jan 08 2014]
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Magnum Hunter Resources Announces Acquisition o... [Published Marketwire - Breaking News Releases - Jul 25 2014]
HOUSTON, TX--(Marketwired - Jul 25, 2014) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") announced today that it closed on the purchase of approximately ...
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