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Noranda Aluminum Holding Mediation Participation Sought, Granted 03/24/16

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According to documents filed with the U.S. Bankruptcy Court, Noranda Aluminum Holding creditor Sherwin Alumina Company filed an emergency motion for an order authorizing the Court-appointed mediator to allow Century Aluminum Company to participate in mediation.

The motion explains, “As Sherwin has explained on the record as part of its chapter 11 case during an emergency hearing on March 18th, Sherwin believes that the participation of Century Aluminum Company in the Mediation could also be beneficial to reaching a commercial resolution. Century has confirmed that it is willing to participate in the Mediation. But NBL has not consented to Century’s participation in the Mediation. Although Century is a party in interest in NBL’s chapter 11 case by virtue of the recently commenced adversary proceeding styled Century Aluminum Co. v. Gramercy Alumina Holdings, Inc., Adv. Proc. No. 16-01005 (BSS) (Bankr. E.D. Mo.), Sherwin does not seek to involve Century in the Mediation for proposes related to this adversary proceeding or any other dispute (if any) as between NBL (or any of its debtor affiliates) and Century. Instead, Sherwin merely requests that the Court authorize Judge Isgur, in his discretion as mediator, to include Century in the Mediation if he concludes that Century’s participation could be helpful to solving Sherwin’s life or death dilemma.”

The Court subsequently approved the emergency motion to the extent the mediator determines Century Aluminum’s participation is needed or helpful. Read more Noranda bankruptcy news.

The post Noranda Aluminum Holding Mediation Participation Sought, Granted 03/24/16 appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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