Paragominas

Norsk Hydro Announces Company-Wide Restructuring

Norsk Hydro Announces Company-Wide Restructuring

Norwegian aluminium giant Norsk Hydro ASA said yesterday it will soon implement a plan to increase returns and cash flow via a wide-ranging effort at improving and restructuring its business areas, all while emphasizing sustainability in its business practices. The plan, which...

Events

Hydro Granted Federal Permission To Operate Pump At Alunorte Disposal Pond, Averting Plant’s Closure

Mere days after Norsk Hydro’s announcement of the closure of its Alunorte alumina refinery, the Brazilian federal government granted the plant the authorization to operate the machinery necessary to utilize its only available bauxite residue area. On Friday the Brazilian Institute of the Environment and Renewable Natural Resources (Instituto Brasileiro do Meio Ambiente e dos […]

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 […]

Alunorte, Paragominas, And Albras Outages Pummel Norsk Hydro’s Q2 Numbers

Norsk Hydro reported numbers for the second quarter on Tuesday. The firm’s numbers suffered thanks to outages at key plants and increased cost of raw materials, but losses were mitigated somewhat by a rise in metal prices and gains in downstream and energy businesses. In the second quarter this year, Hydro mined 1,348 thousand metric […]

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 […]

Norsk Hydro’s Q3 Numbers Slightly Down

Norsk Hydro released results for the third quarter of 2016 yesterday. Numbers were off largely thanks to a seasonal decline in sales and negative currency effects. The firm’s underlying EBIT was lower quarter-on-quarter, totaling NOK1.477 million, down from NOK1.618 million in Q2. Underlying EBIT was down for Bauxite & Alumina, Primary Metals, Rolled Products, Energy, […]