Norsk Hydro: Federal Court lifts one of two embargos on Alunorte’s deposit area DRS2
The Federal Court in Belém, Brazil, today, September 20, lifted the embargo on Alunortes new bauxite residue disposal (DRS2) under the civil lawsuit. Alunorte is still subject to an embargo on DRS2 imposed by the same court in a parallel criminal lawsuit, but Alunorte is expecting an extension of the civil decision to the criminal case shortly.
Alunorte will continue utilizing the old bauxite residue disposal area (DRS1) until the DRS2 embargo under the criminal case is lifted.
The decision to lift the DRS2 embargo in the civil case against Alunorte came after Ministério Público and Alunorte submitted a joint petition to the federal court on August 30, requesting the embargoes to be lifted.
“This is an important step towards resuming installation and commissioning activities of the solid residue deposit DRS2. It is a state-of-the-art deposit system, the only sustainable and long-term solution for Alunorte’s operations. Alunorte is the foundation of the aluminium value chain in Para, and I appreciate the support we have received from our employees and local stakeholders”, says John Thuestad, Executive Vice President of the Bauxite & Alumina business area in Hydro.
The Federal Court lifted Alunorte's production embargo on May 20, 2019, allowing the alumina refinery to ramp up its production from 50 percent towards normal levels. Alunorte is duly fulfilling the commitments agreed in the TAC (technical agreement) signed in September 2018 with Ministério Público, the State Government of Pará, represented by SEMAS, Alunorte and Hydro.
Internal and external reviews, including inspections by authorities, confirmed that there was no overflow of Alunorte's bauxite residue deposits from the February 2018 rainfall.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
ABN AMRO announces call of EUR 1.5bn Tier 2 instrument1.6.2020 07:00:00 CEST | Press release
Not for release, publication or distribution, in whole or in part, in or into or from US, Japan, Australia or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. ABN AMRO announces call of EUR 1.5bn Tier 2 instrument (XS1253955469) With reference to the Terms and Conditions of the EUR 1.5 billion Subordinated Fixed-to-Fixed Rate Notes due June 2025 callable on Year 5 under the Programme for the issuance of Medium Term Notes of ABN AMRO Bank N.V. with ISIN XS1253955469 ABN AMRO Bank N.V. announces to exercise its right to redeem these Notes in full on 30 June 2020. Trading will be suspended as of 26 June 2020. This press release shall not constitute an offer to purchase or the solicitation of an offer to purchase, nor shall there be any offer or sale of these Subordinated Fixed-to-Fixed Rate Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or compliance wit
Bayport Management Limited Quarterly report March 202029.5.2020 22:00:00 CEST | Press release
Please find Bayport Management Limited Quarterly report March 2020 attached. Attachments BML Quarterly Report March 2020BML Quarterly Report March 2020
Ress Life Investments A/S: Ress Life Investments A/S publishes Net Asset Value (NAV)29.5.2020 20:50:00 CEST | Press release
Ress Life Investments Holbergsgade 14, 2 tv DK-1057 Copenhagen K Denmark CVR nr. 33593163 www.resslifeinvestments.com To: Nasdaq Copenhagen Date: 29 May 2020 Corporate Announcement 22/2020 Ress Life Investments A/S publishes Net Asset Value (NAV). Ress Life Investments A/S publishes the Net Asset Value (NAV) per share and performance data as of 15 May 2020. NAV per share in USD: 1955.92 NAV per share in EUR: 1811.38 The performance during the first half of May was 0.01% in USD. The year-to-date net performance is -0.15% in USD. Assets under management (AUM) was 184.6 million US dollars. Questions related to this announcement can be made to the company's AIF-manager, Resscapital AB. Contact person: Gustaf Hagerud email@example.com Tel + 46 8 545 282 27 Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the Key Investment Information Document (KIID) availabl
Eastern Property Holdings Limited (EPH):First quarter 2020 Financial Update29.5.2020 19:45:23 CEST | Press release
29 May 2020, Road Town, Tortola, BVI KEY EVENTS In March 2020, the Company received EUR 204.7 million by issuance of subordinated notes to its two largest shareholders at an interest rate of 3.5% p.a. The management intends to use the funds for the acquisition of properties in Western Europe in order to further strengthen the Group’s business and follow its strategy to invest in premium quality income producing commercial property assets in Europe.Arbat sales have been continued: a few more apartments and parking lots were sold in Q1 2020.Leases with the Company’s top tenants (Chanel and Richemont Group) have been extended.As a subsequent event, in April 2020 the Company acquired 89.9% of interest in the Nhow Hotel in Berlin, Germany. The property had been completed in 2010 and comprises approximately 20,160 sqm, including 304 rooms, 86 underground & 39 surface parking spaces, a spa, restaurant and two music studios. FINANCIAL HIGHLIGHTS The Company’s rental properties demonstrate stab
Arion Bank: Transactions of primary insiders / financially connected parties29.5.2020 16:58:35 CEST | Press release
Please see announcements attached. Attachments BBL VII ehfBrekkuás ehf
AB Linas Agro Group performance and financial results for 9-month period of FY 2019/2029.5.2020 16:30:07 CEST | Press release
Consolidated revenue was 9.6 % less and totaled EUR 476 million. Sales volume reached 1.67 million tons of various products and was 3.2% less as compared to previous year. The gross profit reached EUR 27.1 million and was 11,8 % higher than a year before. Consolidated EBITDA was 74 % higher and amounted to EUR 11.8 million. The operating profit was EUR 2.9 million (last year there was an operating loss of EUR 1.2 million). Profit before taxes amounted to EUR 0.67 million (compared to a loss of EUR 3.6 million in the previous year). Net profit attributable to the Group amounted to EUR 0.64 million (previous year there was a loss of EUR 3.5 million). A brief comment by Finance Director Mažvydas Šileika: Trade in grains, oilseeds and feedstuffs has been affected by the pandemic as the borders of the countries were closed, and the value of some stocks that haven’t been sold before quarantine has declined during the quarantine. Sales fell 16% to EUR 305 million. However, the operating profi