NEW MADRID, Mo. – Noranda Aluminum announced Monday they have initiated court-supervised restructuring under Chapter 11 of the United States Bankruptcy Code. Noranda has taken this action to have additional time and financial flexibility to evaluate options for its various business operations.

There has been a great deal of discussion about a potential legislative deal between Noranda and its energy provider Ameren Missouri. In light of the recent industrial incident and Monday’s bankruptcy filing, it appears that a legislative solution is the only way to maintain the employer’s presence in the bootheel…