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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