Norsk Hydro: Federal Court lifts one of two production embargos on Alunorte
The Federal Court in Belém,
Alunorte will continue to produce at 50% capacity until the production embargo under the criminal case is lifted.
The decision to lift the production embargo in the civil case against Alunorte came after a conciliatory hearing on
“I am pleased with the support from local stakeholders and our employees. We are looking forward to be able to resume operations at Alunorte and restart the full alumina value chain, which will be positive for us and the state of Pará”, says
As the federal court’s embargo preventing Alunorte from using its new DRS2 bauxite residue deposit area remains in force, Alunorte continues to utilize the DRS1 depository based on state-of-the-art press filter technology. Alunorte estimates a remaining lifetime of 8-18 months in DRS1, depending on production volume. Further geotechnical studies will be conducted, aiming at verifying an extended lifetime of DRS1.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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