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Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

50.72NOK
23 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Norsk Hydro's 51 pct owned Albras to cut aluminum output by 50 pct due to Alunorte issue
Tuesday, 10 Apr 2018 06:44am EDT 

April 10 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO: ALBRAS INITIATES 50 PERCENT CURTAILMENT OF ALUMINIUM PRODUCTION.ALBRAS' BOARD OF DIRECTORS HAS DECIDED TO CURTAIL 50 PERCENT OF ALUMINIUM PRODUCTION AT ALBRAS ALUMINIUM PLANT.CURTAILMENT REPRESENTS 230,000 TONNES ON AN ANNUALIZED BASIS AND IS A RESULT OF ALUNORTE ALUMINA REFINERY NOT BEING ABLE TO SUPPLY MORE THAN 50 PERCENT OF ALBRAS' ALUMINA NEEDS FOLLOWING ALUNORTE'S FORCED PRODUCTION CUT.ALBRAS AIMS TO RESTART PRODUCTION WHEN ALUNORTE RESUMES FULL PRODUCTION.HYDRO OWNS 51 PERCENT OF ALBRAS, REMAINING 49 PERCENT IS OWNED BY NIPPON AMAZON ALUMINIUM CO. LTD.  Full Article

Norsk Hydro says acquisition of Arconic's extrusion plants in Brazil completed
Monday, 2 Apr 2018 02:05pm EDT 

April 2 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO SAYS ‍ACQUISITION OF ARCONIC'S EXTRUSION PLANTS IN BRAZIL COMPLETED, STRENGTHENING HYDRO'S DOWNSTREAM POSITION IN BRAZIL .THE TWO EXTRUSION PLANTS IN UTINGA AND TUBARÃO IN SOUTHERN BRAZIL HAVE MORE THAN 600 EMPLOYEES IN TOTAL, ONE CASTHOUSE, SEVEN EXTRUSION PRESSES RANGING FROM 7 TO 14 INCHES, AND VALUE-ADDED CAPABILITIES..UNDER THE TERMS OF THE AGREEMENT, THE PRICE INCLUDES A CASH PAYMENT FROM HYDRO OF USD 10 MILLION, SUBJECT TO WORKING CAPITAL AND OTHER ADJUSTMENTS.​.  Full Article

Norsk Hydro Expands Independent Review, Launches Audit, Following Identification Of More Untreated Rainwater Discharges From Alunorte
Sunday, 18 Mar 2018 08:21pm EDT 

March 18 (Reuters) - Norsk Hydro Asa ::REG-NORSK HYDRO: HYDRO EXPANDS INDEPENDENT REVIEW AND LAUNCHES AUDIT, FOLLOWING IDENTIFICATION OF MORE UNTREATED RAINWATER DISCHARGES FROM ALUNORTE.NORSK HYDRO - HYDRO'S INTERNAL AUDIT TO CONDUCT FULL REVIEW OF ALL LICENSES, COMPLEMENTING SGW'S REVIEW OF ALUNORTE'S PERMITS AND RELEVANT LEGISLATION.  Full Article

Norsk Hydro Says To Upgrade Water Treatment System At Alunorte​
Friday, 16 Mar 2018 05:10pm EDT 

March 16 (Reuters) - Norsk Hydro Asa ::‍HYDRO TO UPGRADE WATER TREATMENT SYSTEM AT ALUNORTE​.‍TO INITIATE A NOK 500 MILLION INVESTMENT TO WATER TREATMENT SYSTEM OF ALUNORTE ALUMINA REFINERY IN BARCARENA, BRAZIL.  Full Article

Hydro CEO: working to secure alumina to replace Alunorte
Wednesday, 14 Mar 2018 03:00pm EDT 

March 15 (Reuters) - Norsk Hydro Asa CEO Svein Richard Brandtzaeg told Reuters::SAYS WORKING TO SECURE ADDITIONAL ALUMINA SUPPLIES TO REPLACE ALUNORTE VOLUMES.HYDRO STILL HAS AVAILABLE ALUMINA SUPPLIES FOR SOME TIME TO COME -CEO.TOO EARLY TO SAY WHETHER ALUNORTE ALUMINA OUTPUT CUT WILL AFFECT HYDRO'S OUTPUT OF ALUMINIUM.  Full Article

Norsk Hydro says Brazil plant released rainwater into local river
Sunday, 11 Mar 2018 06:29pm EDT 

March 11 (Reuters) - Norsk Hydro Asa ::NORSK HYDRO: ABOUT RAINWATER RELEASE FROM CANAL VELHO.‍HAS NO INDICATIONS OF LEAKS OR OVERFLOW FROM HYDRO ALUNORTE'S BAUXITE RESIDUE DEPOSIT AREAS​.‍IN ORDER TO RELEASE EXCESS RAINWATER FROM FACTORY AREA, ALUNORTE RELEASED RAINWATER THROUGH CANAL VELHO WATER CANAL. THERE IS NO INDICATION OF NEGATIVE ENVIRONMENTAL IMPACT FROM RELEASE​.ON 17 FEBRUARY, DURING HEAVY RAINFALL THAT STARTED DAY BEFORE, AND PERIODICALLY BETWEEN FEBRUARY 20-25, HYDRO USED A CANAL CALLED CANAL VELHO TO DISCHARGE PH TREATED RAINWATER FROM FACTORY AREA INTO PARÁ RIVER​.‍RAINWATER FROM REFINERY AREA MAY CONTAIN BAUXITE DUST AND TRACES OF CAUSTIC SODA, BUT WATER HAD NOT BEEN IN CONTACT WITH BAUXITE RESIDUE DEPOSIT AREAS​.‍DISCHARGES OF TREATED RAINWATER ON FEBRUARY 17 AND PERIODICALLY BETWEEN FEBRUARY 20-25 ARE NOT COVERED UNDER CURRENT LICENSE​.‍ALUNORTE NOTIFIED ENVIRONMENTAL AUTHORITIES OF PARÀ, SEMAS, TWICE DURING CURRENT SITUATION. LOCAL COMMUNITIES WERE NOT INFORMED AS RAINWATER WAS DISCHARGED INTO PARÀ RIVER​.‍CHANNEL HAS ALSO BEEN USED BEFORE TO DISCHARGE RAINWATER IN EXTREME RAINFALL EVENTS, LAST TIME IN IN MAY 2017. SEMAS WAS ALSO NOTIFIED AFTER THIS EVENT​.‍USE OF CANAL AND NOTIFICATIONS ARE PART OF ONGOING INTERNAL INVESTIGATIONS AND INDEPENDENT EXTERNAL REVIEW​.  Full Article

Hydro picks Brazilian consultants for Alunorte plant review
Wednesday, 7 Mar 2018 07:01am EST 

March 7 (Reuters) - Norsk Hydro Asa ::HYDRO COMMISSIONS BRAZILIAN ENVIRONMENTAL CONSULTANCY SGW SERVICES TO REVIEW THE WATER TREATMENT AND EFFLUENT MANAGEMENT SYSTEMS AT THE ALUNORTE ALUMINA REFINERY.HYDRO SAYS SGW WILL REPORT ITS PRELIMINARY CONCLUSIONS DURING THE FIRST WEEK OF APRIL.HYDRO: OBJECTIVE OF REVIEW IS TO ASSESS WHETHER ALUNORTE’S WATER AND EFFLUENT MANAGEMENT SYSTEM HAS BEEN OPERATED ACCORDING TO DESIGN SPECIFICATIONS, APPLICABLE PERMITS AND LEGISLATION, AND RELEVANT INTERNAL AND EXTERNAL REQUIREMENTS.HYDRO: REVIEW WILL ESPECIALLY FOCUS ON ALL OUTLETS DISCHARGING INTO ALUNORTE’S EXTERNAL ENVIRONMENT, AND SPECIFY ANY IDENTIFIED IRREGULARITIES OR GAPS.  Full Article

Norsk Hydro says Brazilian court orders Alunorte output cuts
Thursday, 1 Mar 2018 01:09am EST 

March 1 (Reuters) - Norsk Hydro Asa ::COURT ORDERS ALUNORTE TO CUT PRODUCTION BY 50% AND HALT OPERATIONS AT DRS2 BAUXITE RESIDUE DISPOSAL.‍COURT FURTHER RULED THAT ALUNORTE SHALL HALT OPERATIONS AT DRS2 BAUXITE RESIDUE DISPOSAL​.‍OPERATIONS MUST NOT RESUME UNTIL INTEGRITY OF DRS2 HAS BEEN FULLY VERIFIED AND AN OPERATIONAL LICENSE HAS BEEN ISSUED​.‍ALUNORTE CURRENTLY HAS AN INSTALLATION LICENSE, COVERING CONSTRUCTION AND COMMISSIONING OF DRS2​.‍CURRENTLY REVIEWING IMPLICATIONS OF COURT'S DECISION OPERATIONALLY AND FINANCIALLY, AS WELL AS FOR ITS CUSTOMERS AND EMPLOYEES​.COURT ORDERS PRODUCTION CUT OVER WORRIES THAT A RAINSTORM HAD LED TO LEAKAGES FROM ALUNORTE INTO NEARBY RIVER.‍FEDERAL BRAZILIAN INSTITUTE OF ENVIRONMENT AND RENEWABLE NATURAL RESOURCES (IBAMA) ALSO ISSUED A NOTIFICATION ORDERING HYDRO TO DISCONTINUE OPERATIONS OF ALUNORTE ALUMINA REFINERY'S BAUXITE RESIDUE DISPOSAL DRS2​.‍JUST HOURS BEFORE SEMAS ISSUED ITS ORDER, BRAZILIAN MINISTER OF ENVIRONMENT JOSE SARNEY FILHO URGED IBAMA TO SUSPEND ALUNORTE OPERATIONS​.‍CONTINUES TO COLLABORATE WITH ALL REGIONAL AND FEDERAL AUTHORITIES, AND ESTABLISHED ON FEBRUARY 24 A FAST-WORKING EXPERT TASK FORCE TO CONDUCT A FULL REVIEW OF ALUNORTE​.  Full Article

Norsk Hydro prepares to cut Alunorte output by 50 pct within March 1
Wednesday, 28 Feb 2018 01:14am EST 

Feb 28 (Reuters) - Norsk Hydro Asa ::‍THE SECRETARIAT OF ENVIRONMENT AND SUSTAINABILITY (SEMAS) HAS ORDERED ALUNORTE TO CUT 50% IN PRODUCTION OF CALCINED ALUMINA WITHIN MARCH 1​.‍ALUNORTE WILL RECEIVE A DAILY FINE OF APPROX. BRL 500 000 IF PRODUCTION HAS NOT BEEN REDUCED IN TIME. ALUNORTE IS CURRENTLY PREPARING TO COMPLY WITH REQUIREMENT SET BY SEMAS​.‍CONTINGENCY PLANS WILL BE IMPLEMENTED TO REDUCE POTENTIAL NEGATIVE EFFECT ON CUSTOMERS​.‍DOING OUR UTMOST TO LIMIT IMPACT OF THIS CHALLENGING SITUATION FOR OUR EMPLOYEES, OUR CUSTOMERS AND FOR COMMUNITIES AROUND US​.‍WHILE IT IS TOO EARLY TO DETERMINE SIZE AND IMPACT, A PRODUCTION CUT COULD POTENTIALLY HAVE SIGNIFICANT OPERATIONAL AND FINANCIAL CONSEQUENCES​.‍BACKGROUND FOR THESE MEASURES TAKEN BY SEMAS IS NON-COMPLIANCE WITH AN ORDER ISSUED BY SEMAS ON FEBRUARY 23 TO HAVE 1 METER FREEBOARD IN WATER BASINS IN DRS1 AT ALUNORTE WITHIN DEADLINE OF FEBRUARY 26​.‍BY ADDING ADDITIONAL PUMPS AND INCREASING WATER TREATMENT CAPACITY, 1 METER FREEBOARD REQUIREMENT WAS MET ON FEBRUARY 27​.  Full Article

Norway's Hydro says Brazilian minister called for possible Alunorte suspension
Tuesday, 27 Feb 2018 12:29am EST 

Feb 27 (Reuters) - Norsk Hydro Asa ::NORWAY'S HYDRO SAYS EVALUATING PUBLIC STATEMENTS MADE BY BRAZIL'S MINISTER OF ENVIRONMENT REGARDING HYDRO'S ALUNORTE ALUMINA REFINERY.HYDRO SAYS BRAZILIAN MINISTER CALLED FOR EVALUATION OF A POSSIBLE SUSPENSION OF ACTIVITIES AS A MEASURE AGAINST ALUNORTE.HYDRO SAYS ANALYZING THE STATEMENT AND THE POSSIBLE PROCESS AND IMPACT, AND WILL REVERT WITH FURTHER INFORMATION AS SOON AS POSSIBLE.HYDRO REITERATES THAT NO PROOF OF LEAKAGE FROM ALUNORTE BAUXITE RESIDUE DEPOSITS HAS BEEN DETECTED.  Full Article

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Norway's Hydro notifies Rusal of possible force majeure

OSLO Aluminum maker Norsk Hydro may declare force majeure on contracts it has with Russia's United Company Rusal due to U.S. sanctions, the Norwegian company said on Friday.