GlobeNewswire by notified

Norsk Hydro: Federal Court lifts one of two embargos on Alunorte’s deposit area DRS2

Share

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.

Investor contact
Stian Hasle
+47 97736022
Stian.Hasle@hydro.com

Press contact
Øyvind Breivik
+47 40226686
Oyvind.Breivik@hydro.com 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified 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 by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

CONDITIONS FOR SALE OF RIKSBANK CERTIFICATES19.3.2024 09:30:00 CET | Press release

Bid date, 2024-03-19Auction date2024-03-19Settlement date2024-03-20Maturity Date2024-03-27Nominal amount956 billion SEKInterest rate4.00 %Bid times09.30-10.00 (CET/CEST) on the Bid dateBids are made to phone number08-696 69 70Confirmation of bids to e-mailrbcert@riksbank.seThe lowest accepted bid volume1 million SEKThe highest accepted bid volume956 billion SEKAllocation Time10.15 (CET/CEST) on the Bid dateProjected minimum liquidity surplus during the term956 billion SEKExpected excess liquidity at full allotment0 billion SEK Stockholm, 2024-03-19

Avance Gas Holding Ltd (AGAS): Successfully completed the sale of our fifth VLGC newbuilding19.3.2024 09:20:18 CET | Press release

Hamilton, Bermuda March 19, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) announce today the successful sale of newbuilding hull 2367 with intended name Avance Castor for a cash consideration of $120 million less broker commission as previously announced in a press release dated December 8, 2023. The Company expect to record a book gain on sale and cash release following repayment of bank financing of $36 million and $61 million respectively. The sale of the sister ship, newbuilding hull 2368 with intended name Avance Pollux, is scheduled to take place in the first half of May 2024. This sale is also expected to result in a book gain and cash release of $36 million and $60 million respectively. For further queries, please contact: Media contact: Øystein Kalleklev, CEO Tel: +47 23 11 40 00 Investor and Analyst contact: Randi Navdal Bekkelund, CFO Tel: +47 23 11 40 00 ABOUT AVANCE GAS Avance Gas operates in the global market for transportation of liquefied petroleu

Offentliggørelse af prospekt for Investeringsforeningen Danske Invest19.3.2024 09:00:00 CET | pressemeddelelse

Vi skal herved oplyse, at der er foretaget ændringer i prospektet for Investeringsforeningen Danske Invest. Prospektet for investeringsforeningen Danske Invest er opdateret med lanceringsdato for afdeling Structured Credit – Investment Grade, Accumulating.Derudover er afsnit 6 ”Afdelingernes/andelsklassernes risici” omformuleret bredere til også at omfatte strukturerede gældsinstrumenter for afdeling Structured Credit – Investment Grade, Accumulating. Prospekterne kan fra i dag ses på www.danskeinvest.dk. Med venlig hilsen DANSKE INVEST MANAGEMENT A/S Tina Hjorth Hetting Head of Fund Products

Danske Bank A/S, transactions by persons discharging managerial responsibilities19.3.2024 08:50:12 CET | Press release

19 March 2024 Notification no. 23/2024 Transactions made by persons obliged to report transactions to the Danish FSA and Nasdaq Copenhagen, cf. the EU Market Abuse Regulation. In connection with the share buy-back program in Danske Bank A/S, APMH Invest A/S continuously sells shares pro rata. For further details, please find the attached templates for notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. Contact: Stefan Singh Kailay, Head of Media Relations, tel. +45 45 14 14 00 Attachment APMH Invest AS - sale - 2024-03-15

Danske Bank A/S, ledende medarbejderes transaktioner19.3.2024 08:50:12 CET | pressemeddelelse

19. marts 2024 Indberetning nr. 23/2024 Ændring i aktiebesiddelser hos Danske Banks indberetningspligtige i henhold til EU-forordningen om markedsmisbrug I forbindelse med Danske Bank A/S’ aktietilbagekøbsprogram sælger APMH Invest A/S løbende aktier i Danske Bank A/S pro rata. For yderligere detaljer henvises til de vedhæftede skemaer, hvori transaktioner udført af personer med ledelsesansvar og personer med nær tilknytning til disse skal indberettes og offentliggøres. Kontakt: Stefan Singh Kailay, Head of Media Relations, tel. +45 45 14 14 00 Vedhæftet fil APMH Invest A_S - salg - 2024-03-15

HiddenA line styled icon from Orion Icon Library.Eye