The US Bankruptcy Court gave an order approving the sale of certain assets of Ormet Corporation on April 1, 2014. The debtor has been authorized to sell its certain assets to Trafigura AG, the purchaser. The buyer shall pay $249 per MT of the Alumina for delivery and provisional payment at a price of $220 per MT with the additional payment upon completion of loading at $15 per MT.

The debtor's assets include debtor's right, title, interests and approximately 24000 MT of Sandy Calcined Metallurgical Grade Alumina.