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Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BRIEF-Norsk Hydro CEO expects 1-1.5 million tonnes aluminium market deficit
Tuesday, 24 Jul 2018 02:46am EDT 

Adds dropped word in headline:NORSK HYDRO CEO SAYS EXPECTS 1-1.5 MILLION TONNES DEFICIT OF ALUMINIUM IN MARKET THIS YEAR.  Full Article

Norsk Hydro signs record long-term wind power contract with Macquarie
Thursday, 19 Jul 2018 03:20am EDT 

July 19 (Reuters) - Norsk Hydro Asa ::NORSK HYDRO: HYDRO SIGNS NEW LONG-TERM WIND POWER CONTRACT FOR NORWEGIAN ALUMINIUM PORTFOLIO.CONTRACT IS BELIEVED TO BE WORLD'S LONGEST CORPORATE WIND POWER CONTRACT.AGREEMENT SECURES ANNUAL BASELOAD SUPPLY OF 0.3 TWH FOR PERIOD 2021 TO 2031 AND 0.55 TWH FOR PERIOD FROM 2031 TO 2050.CONTRACT WILL CONTRIBUTE TO SUPPLYING POWER TO HYDRO'S ALUMINIUM PLANTS IN NORWAY..DEAL IS WITH GREEN INVESTMENT GROUP, PART OF MACQUARIE GROUP <<>> LIMITED.SAYS CONTRACT IS FOR FOR 29 YEARS.  Full Article

Norsk Hydro warns of possible Q2 impairments due Alunorte problems
Wednesday, 25 Apr 2018 01:10am EDT 

April 25 (Reuters) - Norsk Hydro ASA ::NORSK HYDRO Q1 UNDERLYING EBIT NOK 3,147 MILLION (REUTERS POLL NOK 3.06 BILLION).ALUNORTE PRODUCING AT 50% AS OF MARCH 1, NEGOTIATIONS ONGOING WITH BRAZILIAN AUTHORITIES.BETTER IMPROVEMENT PROGRAM HIT BY BRAZIL SITUATION, NOT EXPECTED TO REACH 2018 TARGET.2018 GLOBAL PRIMARY DEMAND GROWTH OUTLOOK OF 4-5%, MARKET MOVING TOWARDS DEFICIT - INCREASED MARKET UNCERTAINTY FOLLOWING US TARIFFS, RUSAL SANCTIONS AND BRAZIL SITUATION.NORSK HYDRO Q1 REVENUE NOK 39,971 MILLION (REUTERS POLL NOK 38.72 BILLION).WE MAINTAIN VIEW OF A GLOBAL PRIMARY DEMAND OUTLOOK OF 4-5%, EXPECTING MARKET MOVING TOWARDS A DEFICIT FOR PRIMARY ALUMINIUM IN 2018.US SANCTIONS ON RUSAL HAVE CAUSED GREAT UNCERTAINTY IN WORLD'S ALUMINIUM MARKETS AND WILL IMPACT TRADE FLOWS AND AVAILABILITY OF METAL AND RAW MATERIALS THROUGHOUT ALUMINIUM VALUE CHAIN.BRAZILIAN AUTHORITIES' EMBARGO ON ALUNORTE ADDS TO UNCERTAINTY IN ALUMINUM INDUSTRY AND HAS LED TO 50 PERCENT CURTAILMENT OF ALBRAS PRIMARY PLANT AND 50 PERCENT PRODUCTION AT PARAGOMINAS BAUXITE MINE.NORSK HYDRO Q1 UNDERLYING EBITDA NOK 5,038 MILLION (REUTERS POLL NOK 5.00 BILLION).DUE TO SITUATION IN BRAZIL, HYDRO'S "BETTER" IMPROVEMENT PROGRAM IS NOT EXPECTED TO REACH 2018 TARGET OF NOK 500 MILLION.THE GLOBAL PRIMARY ALUMINIUM MARKET IS MOVING TOWARDS A DEFICIT IN 2018, DRIVEN BY SLOWER THAN EXPECTED SUPPLY GROWTH.  Full Article

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

EU mergers and takeovers (Aug 20)

BRUSSELS, Aug 20 The following are mergers under review by the European Commission and a brief guide to the EU merger process: