|Time zone||ART (UTC-3)|
The town was created in 1938 when Alcoa began building a plant to support new mining areas along the Suriname River. Built on a former plantation, the facility was called Paranam after the Para and Suriname Rivers which border the mining concession areas. The Paranam mine began operations in 1941. Today Alcoa operates worldwide through a joint venture called AWAC. AWAC's operation in Surinam is called The Suriname Aluminum Company, L.L.C.
Due to the deep water available on the Suriname River, Paranam is a port accessible to ocean going ships. A pilot is required.
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