Paragominas bauxite mine

Lower Prices And Cyber Attack Take Toll On Norsk Hydro’s Q2 Financial Results

Lower Prices And Cyber Attack Take Toll On Norsk Hydro’s Q2 Financial Results

Norwegian aluminium producer Norsk Hydro ASA released financial results for the second quarter on Monday. The firm’s bottom line suffered due to the twin effects of a drop in prices and an attack on the company’s IT systems. In the second quarter,...

Events

Norsk Hydro To Close Alunorte Alumina Refinery

The global alumina landscape is likely facing radical changes in the very near future after Norsk Hydro ASA announced the full closure of the world’s biggest alumina refinery in Brazil on Wednesday. The company says the decision to fully curtail operations at Alunorte was prompted by the fact that the bauxite residue deposit area 1 […]

Mandatory Cuts at Alunorte Mar Norsk Hydro’s Positive Numbers in Q1

Though Norsk Hydro A.S.A. returned higher overall numbers for the first quarter, the mandated capacity cut at Alumina do Norte do Brasil S.A. (Alunorte) meant the firm will likely miss its cost-cutting target for the year. Hydro reported a first-quarter revenue total of NOK39.970 billion, a 74-percent improvement year-on-year. Earnings before financial items and tax […]

State Authorities Order Production Halved at Hydro Alunorte

The government of the northern Brazilian state of Pará has ordered Norsk Hydro to halve production at Alumina do Norte do Brasil S.A. (Alunorte) due to the company’s failure to reduce the water level at a bauxite residue deposit at the site. The Secretariat of Environment and Sustainability in the Brazilian state of Pará (SEMAS) […]