David D’Addario is the chairman and chief executive of Dada Holdings, a Fort Lauderdale-based investment and management company. He also heads the board of ElementUS Minerals LLC, a firm engaged in the extraction of valuable elements and minerals in Louisiana. In addition, David D'Addario is the chairman and CEO of NICHE European Holdings and its subsidiaries, including NICHE Fusina.
In March 2022, Niche Fusina Rolled Products finalized the acquisition of Slim Fusina Rolling. Niche Fusina is a vertically integrated European enterprise with a rolling capacity of a minimum of 75,000 tons annually. The acquisition notably included a creditors' proceeding, which a Venetian court presided over. Niche Fusina's administrators rendered relevant aid to their prospective subsidiaries during the initial phase of the proceeding, spanning a year and a half, specifically with manufacturing and supplies. By implication, Slim Fusina reinforced its autonomy situated in a crucial part of Europe's aluminum supply chain. Overall, Niche Fusina's position as a subsidiary of Dada Holdings represented the latter's resumption of its aluminum rolling enterprise after a seven-year hiatus.
0 Comments
An experienced executive in metals and recycling, David D'Addario has served as the chairman and CEO of Dada Holdings since 2001. The Fort Lauderdale, Florida-based investment and management firm makes both control and passive investments in a variety of sectors. David D'Addario concurrently guides ElementUS Minerals, LLC, which extracts valuable rare earth elements and other essential minerals from bauxite residues.
Bauxite mining can cause significant water pollution, which results from eroded topsoil and soil sedimentation following mining operations. Topsoil can be easily dislodged from a site by moving water, even after the site has been extensively cleared and prospected. This makes sites vulnerable to surface runoff and mud flooding. In either case, washed-off soil can deposit in nearby rivers and streams, polluting the water. Another common way that water pollution occurs is through the bauxite washing process, which separates clay from bauxite. The clay is washed away by water into nearby streams. In refineries where lax drainage systems are installed, some bauxite may wash away along with the clay. Exposure to bauxite can cause skin, heart, and liver problems. Companies like ElementUS are dedicated to mitigating the environmental and public health hazards of bauxite mining by extracting metals and minerals from bauxite residues. This does not require drilling or other invasive mining operations that generate clay and dust. A successful Florida executive, David D'Addario serves as the chairman and CEO of Dada Holdings, a Fort Lauderdale-based investment and management company that makes control investments and manages companies across various industries. Leveraging over three decades of experience in the metals and recycling industries, David D'Addario concurrently serves as chairman and principal of ElementUS Minerals, LLC.
In September 2022, ElementUS Minerals announced an agreement with the partners of the independent startup business LAlumina to extract useful minerals from LAlumina's bauxite residues in an environmentally friendly manner. ElementUS's proprietary strategy circumvents the environmental and public health hazards associated with mining. The company focuses on mitigating wastage of useful minerals while concurrently reducing the accumulation of bauxite residue, which effectively cleans up the environment. When the announcement was made, LAlumina had roughly 15 million tonnes of bauxite residue at its refinery in Burnside, Louisiana. ElementUS will extract strategic minerals from the residue, including alumina and pig iron. In addition to mineral extraction, ElementUS plans to separate useful rare earth elements from the bauxite residue. The agreement also includes the relocation of ElementUS's analytical laboratory to Burnside. |
AuthorDavid D'Addario - Growth-Focused Metals Executive. Archives
October 2023
Categories |