Norsk Hydro: Loading of alumina at Alunorte suspended, production continues unaffected
01 Abril 2014 - 12:38AM
The Pará State Environmental Secreteriate (SEMA) has suspended
Alunorte's environmental operational license for loading of alumina
at its port, Vila do Conde, with effect as of 1 April 2014. This
results in the suspension of all loading of alumina with immediate
effect. The production of alumina at Alunorte continues unaffected.
SEMA argues that Alunorte has not fulfilled one of the
conditions under the license, which is to present a plan to reduce
emissions of alumina dust in the port loading operation. Alunorte
believes it is already using one of the best available technologies
for alumina loading and disagrees with SEMA's understanding that
the license condition is not fulfilled.
Alunorte will continue its dialogue with SEMA and expects that
the matter will be resolved and that the loading of alumina will
resume without affecting production.
Alunorte has a nameplate capacity of 6.3 million tonnes and is
the world's largest alumina refinery.
Investor contact
Contact Pål Kildemo
Cellular +47 97096711
E-mail Pål.Kildemo@hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland@hydro.com
Certain statements included within this announcement contain
forward-looking information, including, without limitation, those
relating to (a) forecasts, projections and estimates, (b)
statements of management's plans, objectives and strategies for
Hydro, such as planned expansions, investments or other projects,
(c) targeted production volumes and costs, capacities or rates,
start up costs, cost reductions and profit objectives, (d) various
expectations about future developments in Hydro's markets,
particularly prices, supply and demand and competition, (e) results
of operations, (f) margins, (g) growth rates, (h) risk management,
as well as (i) statements preceded by "expected", "scheduled",
"targeted", "planned", "proposed", "intended" or similar
statements.
Although we believe that the expectations reflected in such
forward-looking statements are reasonable, these forward-looking
statements are based on a number of assumptions and forecasts that,
by their nature, involve risk and uncertainty. Various factors
could cause our actual results to differ materially from those
projected in a forward-looking statement or affect the extent to
which a particular projection is realized. Factors that could cause
these differences include, but are not limited to: our continued
ability to reposition and restructure our upstream and downstream
aluminium business; changes in availability and cost of energy and
raw materials; global supply and demand for aluminium and aluminium
products; world economic growth, including rates of inflation and
industrial production; changes in the relative value of currencies
and the value of commodity contracts; trends in Hydro's key markets
and competition; and legislative, regulatory and political
factors.
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have been correct. Hydro disclaims any obligation to update or
revise any forward looking statements, whether as a result of new
information, future events or otherwise.
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
HUG#1773239
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