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Court lifts final embargo on Norsk Hydro's Alunorte tailings area

The Brazilian federal court lifted on Sept. 26 the final embargo on the new DRS2 bauxite residue disposal of Norsk Hydro ASA's Alunorte project, allowing it to resume activities of installation and commissioning at DRS2 and ending a 19-month embargo period that restricted activities at the plant, the company said.

The decision to lift the DRS2 under a criminal lawsuit came after a decision to lift the DRS2 embargo under the civil lawsuit last Sept. 20.

On Sept. 23, the company said that it aims to boost EBIT by 6.4 billion Norwegian kroner over the next five years through improvements and restructuring across its businesses.

As of Sept. 26, US$1 was equivalent to 9.08 Norwegian kroner.