News

Hydro: Alunorte review

Hydro’s CEO Svein Richard Brandtzæg has appointed CFO Eivind Kallevik as interim head of Bauxite & Alumina with immediate effect, replacing Silvio Porto, in response to the challenging situation at the Alunorte alumina refinery that is currently operating at 50 percent capacity.  Kallevik will at the same time remain in his position as CFO. Brandtzæg will further commission an independent review of Alunorte by an internationally renowned environmental consultancy, and announced measures to assist local communities in Barcarena, and established a project...

Shipping MOU

Emirates Global Aluminium (EGA) has signed a Memorandum of Understanding with Abu Dhabi Ports, to work together to develop opportunities for Abu Dhabi Ports to upgrade ports, logistics infrastructure and services abroad used by EGA to load raw materials destined for the UAE. The agreement could lead to new international business opportunities for Abu Dhabi Ports, enable more efficient shipping for EGA, and spur economic growth around the ports by creating opportunities for other trade. The agreement was signed at EGA’s headquarters at Al Taweelah in Khalifa Industrial Zone...

US aluminium tariffs

The US has said it will impose tougher tariffs on Chinese aluminium alloys after an investigation into the trade. Capping a tumultuous day at the White House yesterday, the President slapped a 25% tariff on steel imports and 10% on aluminium. In a statement, the US Aluminum Association said: "We appreciate the President’s commitment to strengthening the U.S. aluminium industry. We look forward to working with the President on implementation and to creating a more level playing field." While the European Aluminium Association has called on the European Commission and...

Alunorte production cut

The Secretariat of Environment and Sustainability in the Brazilian state of Pará (SEMAS) issued a statement late on Monday stating it will order Norwegian aluminium company Norsk Hydro ASA’s alumina refinery Alunorte to cut production by 50 percent due to non-compliance with a resolution to achieve a freeboard of 1 meter in the bauxite residue deposit DRS1.  In addition, SEMAS said it would order the Paragominas bauxite mine to suspend operations at one of two tailing dams at the plant. SEMAS said it would formally notify the company on Tuesday, 27 February. In...

European Alu awarded

European Aluminium received the award for “Best Association Networking Event” and won second place in the “Best Association Publication or Newsletter” category at the 2018 European Association Awards ceremony held in Brussels. The “Best Association Networking Event” award was for European Aluminium’s public event “Driving Mobility to a Low Carbon Future”, which was held in Autoworld (Brussels) on 27 April 2017. With more than 250 participants and speakers from EU institutions, industry and academia, the event explored the...

Hydro bids for ISAL

Norwegian aluminium company Norsk Hydro ASA has made a binding offer to acquire Rio Tinto’s 100% share of Icelandic aluminium plant ISAL. The offer also includes the Dutch anode facility Aluchemie and Swedish aluminium fluoride plant Alufluor. Transactional highlights Binding offer to acquire Rio Tinto’s Icelandic aluminium plant Rio Tinto Iceland Ltd (“ISAL”), its 53% share in Dutch anode facility Aluminium & Chemie Rotterdam B.V. (“Aluchemie”), and 50% of the shares in Swedish aluminium fluoride plant Alufluor AB (“Alufluor”)...

ElvalHalcor contracts SMS

ElvalHalcor has awarded a contract to the German SMS Group GmbH, to supply a new four-stand tandem aluminium hot finishing mill for its Oinofyta plant, near Athens. This order is part of a EUR 150 million investment in equipment, technology and infrastructure, announced by the Company on the signing of the loan agreement with the European Investment Bank on December 22, 2017, for its financing. This investment represents the first phase of the Company’s five-year plan to more than double its flat rolled aluminium products capacity. With the new four-stand tandem mill, the...