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Hydro changes as Alunorte challenges continue

Norsk Hydro (OS:NHY) has appointed its CFO Eivind Kallevik as the interim head of its bauxite and alumina division in response to the “challenging situation” at its majority-owned Alunorte refinery in Brazil, which has been fined and ordered to halve production over water contamination concerns.

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Inspection of Alunorte bauxite residue deposit

Alunorte issued a force majeure notice on Friday after orders from federal, state and local authorities for the refinery to reduce production by 50% over concerns heavy rainfall and flooding had...