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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Under the agreement, SKA Invest will buy the former Hydro Aluminium Profiler AS extrusion plant at Raufoss, including its affiliated fabrication plant in Vetlanda, Sweden. SKA earlier acquired other businesses from Hydro - Hydal, Extrusion Tools and Hytrans. "SKA Invest has in the past acquired...
An initiative to position Qatar as a core knowledge centre for aluminium technology in the Middle East has been launched jointly by Qatar University’s Centre for Advanced Materials (CAM), Hydro and Qatalum. CAM’s metallurgical expertise will be reinforced by Hydro, the global aluminium company...
The transaction to combine Norsk Hydro's aluminum extruded products business area and Orkla's Sapa into a 50:50 joint venture has been completed as planned, the two Norwegian companies said Monday. Last October, the two companies announced a proposed joint venture which would own and operate the...
The Chinese competition authorities (MOFCOM) have approved the closing of the transaction whereby Hydro and Orkla will have 50/50 ownership of the planned Sapa joint venture. The approval of the Chinese competition authorities marks the conclusion of the competition law assessment of the agreement,...
Ghana is set to create more than 2.3 Million jobs under the Integrated Aluminium Project, which has been described as the key to growing the economy with a capital injection of about 8billion dollars. Under the Integrated Aluminium Project, an Aluminium refinery is to be constructed to refine the...
According to the Government's privatisation timetable, the sale of 49 per cent of Meridian Energy will occur some time in the next 10 weeks. However, for that to happen, there must first be a resolution of Meridian's big problem with its biggest customer, the Tiwai Point aluminium smelter, owned by...
Hydro’s underlying gain before financial equipment and taxation was NOK 518 million in a second quarter, down from NOK 1,077 million in a initial entertain of 2013, as revoke aluminium and alumina prices and seasonally revoke appetite prolongation weighed on results. Bauxite and alumina...
Norsk Hydro ASA, Europe’s third-largest aluminum maker, will maintain production volumes as it closes in on a cost-reduction target and global oversupply of the lightweight metal eases. “We have no plans to cut additional capacity at the moment,” Chief Executive Officer Svein Richard Brandtzaeg...
Norsk Hydro's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Letter of Intent (LoI) for power supply with Slovenské Elektrárne. The LoI covers electricity supply over an eight-year period from January 1, 2014, with a total delivery of 19 terawatt hours (TWh). Since entering into...
Norsk Hydro, one of the world's biggest aluminium makers, said it expected solid demand growth and weak prices this year as it reported a smaller-than-expected drop in April-June core earnings. Its primary metals unit outperformed expectations in the quarter, compensating for increasing losses in...
This month, Ibram raised its representation from 11 to 15 members and also designated Hydro as a member of the Special Committee on Mining of the National Confederation of Industry (CEM/CNI), as the representative of the bauxite industry. Andreia Reis, head of Business Relationship and Development...
The new facility was inaugurated by Hydro together with the local operator, Alu-Laser-Service (ALS), and its supplier Schuler. Adding a capacity of up to 20,000 metric tons per year, the new facility boosts the Hydro site at Dormagen into a most modern cut-to-size center for automotive strip and...
Hydro has signed an agreement with Rio Tinto Alcan to acquire its 50 percent ownership share in the Vigeland Metal Refinery AS and 100 percent ownership share in the AS Vigelands Brug hydropower station, located in southern Norway. Hydro held a 50-percent ownership share in Vigeland Metal Refinery...
A force majeure at the world's largest alumina refinery is unlikely to have a significant impact on aluminum prices, unless production issues persist for an extended period, market participants said Thursday. Norsk Hydro ASA announced force majeure at its majority-owned Alunorte alumina refinery in...
Hydro issued a notice of force majeure to its alumina customers on Wednesday as power outages and lowered production at Alunorte alumina refinery may affect alumina deliveries to customers. It is currently not possible to determine or estimate whether and how deliveries to customers will be...
Kobe Steel, Ltd. announces that it has entered into a technical cooperation agreement with Germany's Hydro Aluminium Rolled Products GmbH for aluminum sheet used in automotive body panels. The agreement covers the exchange of technical information regarding the use of aluminum in automobile bodies...
As Alcoa inches toward renewal of its embattled Yadkin River hydro license, the aluminum giant acknowledges the 38-mile project could be sold. Control of the Yadkin’s economic value has pitted Stanly County, site of a now-closed smelting operation, against Alcoa for more than six years. Alcoa now...
Alcoa, the American aluminium giant, pays a lot of attention to the environment when it comes to its various smelting, mining and refining operations around the world, but the company is facing criticism from some quarters over its stewardship of the Yadkin River in North Carolina. The company owns...
