Acquisition of Vale’s Aluminium Business
Effective from the first quarter of 2011, the group included a new operating segment, bauxite and alumina, in its reporting structure in addition to ist other five operating segments. In addition to the assets acquired from Vale, Hydro’s bauxite and alumina activities previously included in the primary metal segment have been transferred to the new bauxite and alumina segment and prior periods have been restated. Primary metal includes the Albras aluminium plant in addition to Hydro’s pre-transaction primary aluminium production activities. Effective from the first quarter of 2011, elimination of internal gains and losses on alumina previously included in the primary metal segment is included in other and eliminations, and prior periods have been restated (10/2011).