Ormet Corp

Type: Company
Name: Ormet Corp
Nationality: United States
First reported Aug 04 2014 - Updated Aug 04 2014 - 2 reports

Ormet owners explore self-sufficiency options

_ HANNIBAL - A self-sufficient facility - including a natural gas powerplant - is what Niagara Worldwide President Eric J. Spirtas would like to see at the Ormet Corp. site his company purchased last month. Spirtas and the Hannibal Development Partners ... [Published Steubenville Herald-Star - Aug 04 2014]
Entities: Ormet Corp, Owner, Eric J
First reported Aug 01 2014 - Updated Aug 01 2014 - 1 reports

Ormet officially closed as final 20 workers lose jobs

_ HANNIBAL - The remaining 20 employees at the Ormet aluminum plant officially were let go Thursday as the new owners of the plant - and representatives from the United Steelworkers Union - wait to determine the next step. Niagara Worldwide's ownership ... [Published Steubenville Herald-Star - Aug 01 2014]
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 - 1 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 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 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]
First reported May 21 2014 - Updated May 21 2014 - 1 reports

Make Reviving Ormet a Priority

A few dozen workers left at the Ormet Corp. aluminum plant at Hannibal have been told they may lose their jobs this summer. If so, they will follow about 1,000 co-workers already laid off from the idled facility. ... [Published Intelligencer Wheeling News-Register - May 21 2014]

Quotes

"The fact that we have a dynamic set of assets that can produce an industry-changing amount of aluminum is key," Spirtas said. "The bigger issue is the power it takes, the people it takes and the investment it takes."
...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."
...over in the general assembly has been an exercise in futility because of the adversarial relationship between Noranda and Ameren," Kenney said. "I think the unfortunate nature of that adversarial relationship is laid bare in this case."
"Every part of Ohio I go to - and I have been in all 88 counties - I talk about Ormet" FitzGerald said at the plant Sunday, surrounded by several of the facility's 1,000 displaced employees

More Content

All (34) | News (33) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Industrial Minerals Review 2013 [Published Insurance News Net - Aug 22 2014]
Ormet owners explore self-sufficiency options [Published Steubenville Herald-Star - Aug 04 2014]
Ormet plant's new owners explore electric self-... [Published Weirton Daily Times - Aug 04 2014]
Ormet officially closed as final 20 workers los... [Published Steubenville Herald-Star - Aug 01 2014]
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]
Ormet sold for $25.25 million [Published WTOV 9 - Jun 29 2014]
Ormet Auctioned For $25.25 Million [Published Intelligencer Wheeling News-Register - Jun 28 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]
THE TOP STORIES OF 2013: Ormet Plant May Be Fin... [Published Intelligencer Wheeling News-Register - Dec 29 2013]
Ormet Selling More Materials [Published Intelligencer Wheeling News-Register - Dec 28 2013]
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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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