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Rio Tinto Alcan to Invest in Icelandic Smelter

Rio Tinto Alcan announced in September a USD 347 million investment to modernise and increase the ISAL smelter’s capacity by 20 % following the completion of a long-term energy supply agreement with Landsvirkjun, the Icelandic power utility. ISAL has a clean energy source in hydro power, low CO2 emissions and strong performance on health, safety and the environment. Billet production is expected to commence in 2012. The smelter is expected to commence the gradual increase of its production in April 2012 and complete the production increase by July 2014. In conjunction with its USD 140 million investment, Rio Tinto Alcan will consolidate the expertise and production for the slab products from ISAL with existing operations in France and the UK. The ISAL smelter started up in 1969. The facility houses 480 pots in three potrooms and employs approximately 450 people. (10/2010)


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