Mahoney received a BA in Economics and History from the University ofVirginia and an MBA from the Graduate School of Business Administration at theUniversity of Michigan. Kyle Lorentzen, who has been in the role of interim Chief Financial Officer,will return to his previous position as the Company`s Chief Operating Officereffective May 11, 2009. Forward-looking StatementsThis press release contains "forward-looking statements" which involve risks anduncertainties. You can identify forward-looking statements because they containwords such as "believes," "expects," "may," "should," "seeks," "approximately,""intends," "plans," "estimates," or "anticipates" or similar expressions thatrelate to Noranda`s strategy, plans or intentions. All statements Noranda makesrelating to their estimated and projected earnings, margins, costs,expenditures, cash flows, growth rates and financial results or to the Company`sexpectations regarding future industry trends are forward-looking statements.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 reflectmanagement's current estimates, projections, expectations or beliefs and whichare subject to risks and uncertainties that may cause actual results to differmaterially. Noranda undertakes no obligation to publicly update or revise anyforward-looking statement as a result of new information, future events orotherwise, except as otherwise required by law. Noranda's actual results or performance may differ materially from thosesuggested, expressed or implied by forward-looking statements due to a widerange of factors including, but not limited to, the general businessenvironment, fluctuating commodity prices and the Company`s ability to returnthe New Madrid smelter to full capacity.
For a discussion of additional risksand uncertainties that may affect the future results of Noranda, please see theCompany`s SEC filings and its annual report on Form 10-K. Conference Call InformationNoranda has scheduled a conference call on May 6, 2009, at 10:00 AM EST, to befollowed by a question-and-answer period The call is accessible to the mediaand general public. To listen to the conference call, dial the appropriatenumber at least 10 minutes prior to the scheduled start of the call U.S. participants: 1-888-562-3356 International participants: 1-973-582-2700 Conference ID #: 94199306 The conference call also will be webcast at Plan to begin theregistration process at least 10 minutes before the live call is scheduled tostart. A replay of the conference call will be available two hours after the completionof the call until midnight EST on May 14, 2009 U.S listeners should dial1-800-642-1687 International callers should dial 1-706-645-9291 The ConferenceID # for the replay is 94199306. A replay of the webcast also will be available two hours after the completion ofthe call until midnight EST on May 14, 2009. The replay URL is About the CompanyNoranda Aluminum Holding Corporation is a leading North American integratedproducer of value-added primary aluminum products, as well as high qualityrolled aluminum coils.
The Company has two businesses, an upstream anddownstream business. The primary metals, or upstream business, producedapproximately 261,000 metric tons of primary aluminum in 2008. The rollingmills, or downstream business, are one of the largest foil producers in NorthAmerica and a major producer of light gauge sheet products. Noranda AluminumHolding Corporation is a private company owned by affiliates of ApolloManagement, L.P.
The information contained in this release is limited andmanagement encourages interested parties to read the Company`s financial reportsand other information available on the Company`s website at. As a significant portion of the Company`s value-addedproducts are sold at the prior month`s MWTP plus afabrication premium, Noranda calculates a "realized" MWTP whichreflects the specificpricing of saletransactions in each period. (2)Unit net cash cost for primary aluminum per pound represents Noranda`s net cash costs of producingcommodity grade aluminum as priced on the LME plus the Midwest premium. The Company has provided unitnet cash cost per pound of aluminum shipped because Noranda believes itprovides investors withadditional information tomeasure the Company`soperating performance. Using this metric, investors are able toassess the prevailing LMEprice plus Midwest premium per pound versus Noranda`s unit net cash costs perpound shipped.
Unit netcash cost per pound is positively or negatively impacted by changes in production and sales volumes, natural gas and oil related costs, seasonality in the Company`s electrical contract rates, andincreases or decreases inother production related costs. Unit net cash costs is not a measure of financial performance under U.S. GAAP and may not be comparableto similarly titledmeasures used by other companies in the industry. Unit net cash costs perpound shipped should not be considered in isolationfrom or as an alternativeto any performance measures derived in accordance with U.S GAAP. Unit net cash costs per pound shipped has limitations as ananalytical tool and youshould not consider it inisolation or as asubstitute for analysis of Noranda`s results underU.S GAAP.