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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Norsk Hydro plans to increase aluminum prices
...It is reported that Norwegian aluminum company Norsk Hydro plans to increase its quotations for aluminum products since the second quarter of 2011...
Norsk Hydro says Vale aluminium deal delayed
...Norwegian aluminium producer Norsk Hydro's (NHY.OL: Quote) planned $4.9 billion purchase of Brazilian miner Vale's VALES.SA aluminium assets has been delayed until the first half of 2011...
Norsk Hydro Says to Close Extrusion Plant in Norway
...Norwegian aluminum maker Norsk Hydro (NHY.OL: Quote) said on Wednesday it had decided to phase out its extrusion plant at Karmoey in Norway in 2012...
Hydro to Shut Karmoey Extrusion Plant on Falling Sales
...Norsk Hydro ASA, Europe’s third- largest aluminum maker, will halt extrusion operations at its Karmoey plant in Norway in 2012 and switch to lower cost facilities after sales to carmakers and the U.K. declined...
Hydro increases prices for aluminum rolled products
...The price increases on Hydro's rolled products in aluminum, planned for the Q2 2011 will be considerably more differentiated than before in the market better reflecting actual manufacturing costs and evening out current local price differences. ..
RUSAL and RusHydro to borrow RUB50bn from VEB
...Russia’s Boguchanskaya hydropower plant and Boguchansky Aluminum Smelter have signed agreements for two loans totaling RUB50bn (US$1.59bn) from state-owned Vnesheconombank (VEB), VEB said...
Rio Tinto Alcan joins research partnership
...Rio Tinto Alcan, owner of hydro plants and aluminum smelters in Quebec and northern British Columbia, said Monday it will invest $500,000 in a new research partnership to study the potential impact of climate change on the water resources of the Lac Saint-Jean region of Quebec...
Aluminium smelter on the rocks
...Doubts over the future of the Hydro aluminium smelter at Kurri Kurri have stirred memories of the closure of Coalfields’ mines in the 1960s. Kurri Kurri District Business Chamber is urging the community to rally at Rotary Park, Lang Street at 10am this morning in a bid to sway the state...
Hydro chief executive sees 2-3 million aluminium tonnes unregistered
...An estimated two to three million tonnes of aluminium are held in unregistered inventories world-wide, the Chief Executive of Norsk Hydro told Reuters on Monday. The world's fourth-largest integrated aluminium company has been trying to evaluate how much aluminium is held in unregistered stocks...
Aluminium Recycling Forecast to Grow by 75 Per Cent in the Next Decade
...Industry forecasts point toward 75 percent growth in aluminium recycling in the next decade. Roland Scharf-Bergmann, head of Hydro's Recycling unit, attributes the growth to a change in mindset and perceptions in our society...
Kurri smelter stopwork over stalled power deal
...Union officials are warning Hydro Aluminium could walk away from its multi-million dollar expansion plans for Kurri Kurri if a new power deal isn't signed...
Hydro increases pressure over supply of power
...THE Norwegian operator of the Kurri Kurri aluminium smelter in the Hunter Valley is trying to force the state government to sign a new long-term supply contract...
Norsk Hydro Reports Loss in Q3 on Higher Charges
...Norwegian aluminum producer Norsk Hydro ASA on Wednesday reported a loss in the third quarter, mainly blaming write-downs on investment as well as charges related to its Qatalum joint venture...
UPDATE 1-Norsk Hydro core metals income disappoints
...Norwegian aluminium group Norsk Hydro ASA (NHY.OL: Quote) posted above-forecast third-quarter operating profit on Wednesday, but its shares fell on weakness in its key metals division that it said would last into the fourth quarter...
Qatalum participates in Arab International Aluminium Conference in Egypt
...Qatalum, the state-of-the-art aluminium smelter that is being constructed as a joint venture between Qatar Petroleum and Hydro, has announced its participation in the 14th Arab International Aluminium Conference (Arabal-2010), in the dates between 1-3 November 2010 in the city of Luxor, Egypt...
Qatalum participates in Arab International Aluminium Conference in Egypt
...Qatalum, the state-of-the-art aluminium smelter that is being constructed as a joint venture between Qatar Petroleum and Hydro, has announced its participation in the 14th Arab International Aluminium Conference (Arabal-2010), in the dates between 1-3 November 2010 in the city of Luxor, Egypt...
Norsk Hydro to expand Asian aluminium sales by 50pct in 2011
...Mr Harald Odegaard VP of Norsk Hydro said at press conference in Tokyo that the firm expands the aluminium sales to 600,000 tonnes in Asia in 2011 compared with planned 400,000 tonnes in 2010...
Norway approves Vale stake in Norsk Hydro | Reuters
... Hydro expects to finalise its acquisition of Vale's bauxite and alumina unit in the fourth quarter of 2010. (Reporting by Oslo newsroom) ...
