Alcan modernization plans move forward

“The modernisation of our Kitimat smelter is truly a transformational project, in line with our strategic objective to grow via long-life, large-scale, low-cost assets. Once completed, Kitimat will be one of the lowest-cost smelters in the world.” – A portion of a media release from Rio Tinto Alcan today, outlining some of the background related to their spending plans detailed today.

It’s not quite the BIG Announcement that Kitimat residents are hoping for, but it’s a step towards the much anticipated modernization project for Rio Tinto Alcan’s Kitimat works site.

This morning Alcan released details of some 758 million dollars in capital spending, the majority of which is destined for the Saguenay region of Quebec, however Kitimat will benefit from 300 million in preparation spending, designed to set the stage for the eventual start of their modernization of the Alcan works industrial area.

(from the blog a town called podunk, click on the link below to see the entire item … rward.html)