Jamaica's St Ann Bauxite changes name to Noranda

Monday, Oct 26, 2009
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KINGSTON, Oct 23 (Reuters) - The St. Ann Bauxite Company in northeast Jamaica has been renamed Noranda Bauxite Ltd, the company said in a newspaper advertisement on Friday. The notice said all other details of the company remain the same. Privately-held Noranda Aluminum Holding Corp acquired the St. Ann shares previously held by Century Aluminum in September, which gave the company a 49 percent stake and management responsibility. The Jamaica government owns the remaining 51 percent. Noranda Bauxite Ltd produces only bauxite for export. Like most other mining companies in Jamaica, it cut production following the global economic slowdown last year. But since last month it has increased production, following an upturn in the market. Noranda said in September that it planned to export 4.2 tonnes of bauxite during the next 12 months, up from an earlier projection of 3.1 million tonnes. Its annual production capacity is 4.5 million tonnes. (Reporting by Horace Helps, editing by Jane Sutton and Carol Bishopric)

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