Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area...
The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium...
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According to a provincial government notice, the China-based company Henan Shenhuo Coal and Power Co, which is primarily engaged in ferrous metal processing, the coal mining, and deep processing electrolytic aluminium, is about to transfer more than 450,000 tonnes per year of aluminium smelting...
Norwegian aluminium and renewable energy company Norsk Hydro ASA’s wholly-owned subsidiary Hydro Energi AS has signed a long-term power contract with a Swedish wind power company Blakliden Fäbodberget Wind AB for an annual baseload supply of 0.66 terawatt hours (TWh) in the period between 2022 and...
Hydro has appointed John Thuestad as new Executive Vice President for the business area Bauxite & Alumina effective June 1. Thuestad has more than 30 years of international experience from the metal and mining industry. "I am pleased that John Thuestad has accepted the position as new head of...
The Future Aluminium Forum opened its door to industry delegates in Milan yesterday, May 8, at Hotel Michelangelo. The Forum intends to discuss what industry 4.0 means to the future of the aluminium industry and how it can assist in its quest for greater efficiencies. Delegates from major aluminium...
Norsk Hydro has acquired Eugen Notter GmbH, a German aluminium window hardware manufacturer, to strengthen its offering for the building and construction industry. Hydro Building Systems manufactures miscellaneous structural metal work products, such as aluminium profile systems. The company sells...
A Brazilian federal judge yesterday upheld a lower court ruling that ordered Norsk Hydro to cut production at Alunorte alumina refinery by 50 per cent. Federal Judge Arthur Pinheiro Chaves said that failure to honor the conditions set by the courts would result in a daily fine of 1 million reais...
Hydro recorded underlying earnings before financial items and tax of NOK 3,147 million in Q1 2018, up from NOK 2,284 million in Q1 2017.The increase mainly reflects a higher all-in metal and alumina prices that was partly offset by increased raw material costs. The production cut at Alunorte and...
Hydro has notified Rusal it may be necessary to declare force majeure on certain contracts, as the company could be prevented from upholding its obligations due to the US sanctions list issued on April 6, at least from June 5. Hydro estimates the potential impact on its production and customers...
Two back-to-back incidents in the aluminium industry, started with Norsk Hydro’s production cut followed by the US sanctions against Russian aluminium oligarch Oleg Deripaska-led Rusal could lead to aluminium supply starvation in global market, said Hydro’s chief executive on Monday April 16, 2018....
An internal task force and Brazilian environmental consultancy SGW Services have found no indication or evidence of contamination to nearby local communities from Alunorte alumina refinery in Brazil, Norsk Hydro reported on Monday 9 April. “Both reports confirm our previous statements that there...
Norwegian aluminium company Norsk Hydro ASA's wholly-owned subsidiary Hydro Energi AS has signed a long-term power contract with Norwegian power producer Statkraft, for annual supply of 0.75 terawatt hours (TWh) from 2021 to 2030 and 1 TWh from 2031 to 2038. The contracts will contribute to...
Norsk Hydro completes s acquisition of Arconic’s two extrusion plants in Brazil on April 2, 2018, strengthening Hydro’s downstream position in Brazil and creating a solid platform for further growth. The two extrusion plants at Utinga and Tubarão in southern Brazil that belonged to Arconic have one...
Hydro will host a combined analyst and press conference at its corporate headquarters at Drammensveien 260, Oslo, on Monday April 9. The presentation will be hosted by President and CEO Svein Richard Brandtzæg. Representatives from both the internal task force and the external environmental...
While Hydro’s Alunorte alumina refinery operates at 50% of its capacity, the prices seem to be rising over the course of March. According to Metal Bulletin, spot alumina prices gained 27.8% over the course of March, with buyers forced to pay up for units in a tighter market. Metal Bulletin’s...
After being forced to reduce alumina production substantially under a judicial order last month, the Alunorte refinery in North Brazil, owned by Norway’s Norsk Hydro, has to now start closing down half of its alumina capacity in the next two weeks to preserve equipment, said two people familiar...
Norwegian aluminium producer Norsk Hydro today announced that the company is in talks with the environmental authorities of Pará to resume normal operations at Alunorte alumina refinery in Brazil. Alunorte alumina refinery is currently operating at 50 per cent capacity. “In addition, Alunorte is...
Hydro expands the scope of the ongoing independent review of Alunorte by Brazilian environmental consultancy SGW Services to include all interfaces with areas adjacent to the refinery operation. Hydro’s Internal Audit will conduct a full review of all licenses, complementing SGW’s review of...
As an update on the 50% production cut orders at Hydro’s Alunorte alumina refinery by Brazilian authorities and judiciary, Norsk Hydro says that it is looking at securing alternative sources of alumina to substitute the closed supply at its Brazilian plant on priority basis. Hydro’s Chief Executive...
