Rio Tinto Alcan: Investing US$140 Million More In Icelandic Smelter
October 01 2010 - 5:51AM
Dow Jones News
Rio Tinto Alcan (RIO.AU) said Friday it would invest another
US$140 million in an Icelandic smelter, on top of the US$347
million it already said it would be investing to boost that
smelter's capacity.
Rio said last week it would invest $347 million in modernizing
the smelter and increasing its capacity by 20%, due to a long-term
supply agreement with Icelandic power utility Landsvirkjun.
-By Cynthia Koons; Dow Jones Newswires; +61-2-8272-4691;
cynthia.koons@dowjones.com
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