The environment secretariat in Brazil's northern state of Par?? has ordered Hydro to cut by 50% the production of calcine alumina at its Alunorte refinery, the Norwegian aluminium producer said on Wednesday February 28.
The reduction must be completed by March 1, the secretariat determined. A failure to meet the deadline will mean a daily fine of nearly 500,000 Brazilian Reais ($154,664). While it is still too early to determine the impact of this decision, Hydro said, "a production cut could potentially have significant operational and financial consequences." "We are doing our utmost...