Hydro locks in renewable power supply through 2040 with Statkraft to drive low-carbon aluminium growth in Norway
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...
Bell Bay Aluminium conundrum: Can Tasmania close the $60m power gap?
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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Hydro considers aluminum as the ‘metal of the future',
Hydro Aluminum will put aluminum in the spotlight at its Intersolar North America exhibition stand, booth 9129. The company says many of the technical qualities of the light metal are relevant for a range of applications linked to the solar industry, making aluminum highly competitive in comparison...
Hydro signs agreement with Verizon Enterprise Solutions
Hydro and Verizon have entered into an agreement under which Verizon will deliver a managed global wide area network with integrated security and remote access solutions, an integrated partner firewall to enable third-party access to select business solutions, and full professional service support....
Alcoa to sell its 351-MW Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners
Alcoa, a leading manufacturer of alumina, fabricated aluminum and primary aluminum has agreed to sell its 351-MW Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners. Brookfield Renewable Energy Partners handles one of the largest pure-play and publicly-traded renewable power...
Hunter coal mines will survive carbon tax
Climate Change Minister and Charlton MP Greg Combet stood firmly in front of the stacks at Newstan Colliery as he delivered the message that Hunter coalmines would not be affected by the controversial carbon tax. The minister for climate change said he wanted to be at a coalmine in his own...
Alcoa to sell hydropower project to Brookfield
Aluminum company Alcoa Inc said on Friday it will sell its Tapoco hydroelectric project in Tennessee and North Carolina to Canada's Brookfield Renewable Energy Partners for $600 million. Tapoco, a 351-megawatt project located on the Little Tennessee and Cheoah Rivers in eastern Tennessee and...
Power deal to secure Australia's Bell Bay aluminium smelter's future
Australia's Bell Bay aluminium smelter reached a new 13-year power supply deal to help secure the long-term future of the 182,000-tonnes-a-year plant in the face of depressed market conditions, miner Rio Tinto said on Thursday. The 57-year-old smelter, located in the island state of Tasmania, is...
Hydro presents Powerhouse project at Rio+20
Aluminium in energy-efficient buildings and Hydro’s Powerhouse project were on the agenda when world leaders gathered in Rio de Janeiro this week to discuss social and economic development and the environment concerns. During the “Rio+20 Business day,” Johnny Undeli, head of Hydro’s Bauxite &...
Hydro to fight against deforestation
As part of Brazil’s “Green Municipalities” program, Hydro is joining a project that will monitor deforestation throughout the Amazon region. Hydro’s bauxite mining operation in Paragominas signed an agreement June 18 with the Pará State Secretariat of the Green Municipalities Program and...
LME delists 2 Aluminum brands, suspends another
The London Metal Exchange Friday said it has delisted one aluminum alloy brand, suspended one high-grade primary aluminum brand and delisted one other high-grade primary aluminum brand. The delisted aluminum alloy brand is MET-AL, produced by U.S.-based Met-Al Inc. The suspended high-grade primary...
Norsk Hydro sells maturity bonds worth1.5 billion
Norway-based aluminium producer Norsk Hydro has sold 1.5 billion crowns ($250.80 million) worth of bonds with maturity on July 5, 2019 and a coupon rate of 5.40 percent, it said. "There was considerable interest for the new issue. As previously announced, the purpose of the bond issue is general...
Norsk Hydro faces 6,000 lawsuits over 2009 red mud spill in Brazil
Around 6,000 lawsuits have been filed against Norway-based aluminium firm Norsk Hydro in a Brazilian small-claims court in relation to a 2009 water spill at an alumina refinery, the firm said on Friday.A spill at Hydro's majority-owned Alunorte alumina refinery in Brazil in 2009 has resulted in a...
Konecranes to Provide Powerhouse Cranes for Rio Tinto Alcan's smelter
Rio Tinto Alcan has selected Konecranes to provide two 225-ton SMARTON(R) powerhouse cranes with tandem lift capability for its aluminium smelter in northern British Columbia. The turnkey contract also includes installation, remote diagnostics and an operator training package from The Konecranes...
Norsk Hydro takes $195 million charge on Kurri Kurri plant
Norwegian aluminium producer Norsk Hydro will take an impairment charge of 1.2 billion Norwegian crowns ($195.10 million) and redundancy expenses of 200 million crowns as it closes its Kurri Kurri aluminium plant in Australia, the firm said on Tuesday. Hydro announced its plans to shut the plant on...
Australian Workers Union to meet Hydro executives
The Australian Workers Union says it is confident there will be no problems with entitlements for the hundreds of workers set to lose their jobs at a Hunter aluminium smelter. The union will today meet with senior executives from Norsk Hyrdo after the company last week announced it is closing its...
Kurri Kurri workers may find a lifeline in Orica
A number of Hunter region industries, including chemical giant Orica, plan to offer jobs to Hydro Aluminium workers when the Kurri Kurri smelter closes. Senior Hydro executives will go into a second day of talks today with Australian Workers Union delegates to thrash out a plan to assist the 344...
DEGERenergie establishes MLD Solar Parks in Tennessee in collaboration with Hydro Aluminum
DEGERenergie has shipped 112 DEGERtrakers, featuring MLD technology, to Apex Construction Services, LLC, in Tennessee and installed them together with the Apex construction team. The tracking systems have been installed in four solar fields, which began operation April 14, 2012. Each solar park is...
More than 300 jobs to go as Kuri Kuri smelter closes down
MORE than 300 jobs are set to be lost as a Norwegian company plans to shut its aluminium smelter in the NSW Hunter Valley. Norsk Hydro will shut down its Kurri Kurri plant, as low metals prices and the strong Australian dollar impact its profitability, the company said today. The smelter employs...
Hydro to stop operation in Kurri Kurri aluminium plant
The future of Kuri Kuri smelter is decided as Hydro is initiating the closure of the plant entirely. After curtailing one of three pot lines at its Kurri Kurri aluminium plant in January, Norsk Hydro ASA is initiating consultation with the plant's workforce with a view to curtailing the remaining...
