NORANDA ISSUES STATEMENT REGARDING ITS NEW MADRID ALUMINUM SMELTER

Franklin, Tennessee - January 8, 2016 - Noranda Aluminum Holding Corporation (OTC: NORN) ("Noranda" or the "Company") today announced that production has been idled at two of the three pot lines at its aluminum smelter in New Madrid, Missouri, following an electrical supply circuit failure.

The electrical supply circuit failure occurred shortly before 1:00 p.m. Central Time on January 7, 2016 and no serious injuries were reported. Noranda is assessing the incident to determine its root cause. The third pot line was not directly affected and production in that line has continued.

As Noranda's Flat-Rolled Products business sources metal from a portfolio of suppliers, the Company believes it has access to sufficient sources of aluminum to meet customer commitments for flat-rolled products. The Company is evaluating its ability to meet customer commitments for its primary aluminum value-added products.

Because the Company's review of the incident and its impact on operations is in the early stages, the Company has not established a timeline for resuming production in the two idled pot lines. Accordingly, the Company is taking steps to move to a one pot line operation and to adjust staffing and other activities to match this lower level of production at the smelter. The Company is also reviewing the impact to alumina production at its refinery in Gramercy, Louisiana and its bauxite mining operation in St. Ann, Jamaica.

No estimates are available at this time regarding the financial impact of the incident. However, the Company anticipates a substantial portion of costs and damages resulting from the incident will be covered by property and business interruption insurance.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the Company's belief that it has access to sufficient sources of aluminum to meet customer commitments for flat-rolled products, the Company's steps in connection with its movement to a one pot line operation, and the Company's anticipation that a substantial portion of costs and damages resulting from the incident will be covered by property and business interruption insurance. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause the Company's actual results to differ materially from those expressed in forward-looking statements, including, without limitation, unanticipated difficulties in obtaining sufficient sources of aluminum to meet customer commitments for flat-rolled products, logistical and other impediments to adjusting staffing and other activities to match the lower level of production at the smelter, and unanticipated limitations on insurance coverage.

Forward-looking statements contain words such as "believes," "expects," "will," "may," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions that relate to Noranda's strategy, plans or intentions.  Noranda undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise except as otherwise required by law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made and which reflect management's current estimates, projections, expectations or beliefs.

For a discussion of additional risks and uncertainties that may affect the future results of Noranda, please see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.

About the Company

Noranda Aluminum Holding Corporation is a leading North American integrated producer of value-added primary aluminum products, as well as high quality rolled aluminum coils.

Contact Information

John A. Parker
Vice President of Communication and Investor Relations
[phone]
[e-mail]

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Source: Noranda Aluminum Holding Corporation via Globenewswire

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