Feb 16 (Reuters) - Norsk Hydro ASA NHY.OL :
* ALUCHEMIE TO INITIATE CLOSE-DOWN PROCESS
* CLOSE-DOWN PROCESS WILL INCLUDE CONSULTATION PROCESSES WITH EMPLOYEE REPRESENTATIVES AND UNIONS, AS WELL AS KEY EXTERNAL STAKEHOLDERS SUCH AS ENVIRONMENTAL AUTHORITIES AND LANDOWNER REGARDING SITE REMEDIATION PROCESS
* PLANT IS CURRENTLY TO CLOSE TOWARD END OF 2021 AND FOLLOWS A THOROUGH STRATEGIC REVIEW TO EXPLORE ALTERNATIVES TO CLOSING ALUCHEMIE.
* ALUCHEMIE IS A STAND-ALONE ANODE PRODUCER LOCATED NEAR ROTTERDAM IN NETHERLANDS, WITH 220 EMPLOYEES AND OWNED BY GLOBAL METALS AND MINING COMPANY RIO TINTO ALCAN (53%) AND GLOBAL ALUMINIUM AND ENERGY COMPANY HYDRO (47%)