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Article: Rio Tinto clears major hurdle for US$2 billion Kitimat smelter modernisation in British Columbia.
- Article from:
- PR Newswire
- Article date:
- January 30, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, UK, Jan. 30 /PRNewswire/ -- Rio Tinto's US$2 billion project to modernise its Kitimat smelter in British Columbia, Canada, will be submitted for Board approval following the decision by the British Columbia Utilities Commission (BCUC) to accept the 2007 Energy Purchase Agreement (2007 EPA) between Rio Tinto Alcan and BC Hydro.
This is the last of three conditions necessary to be met for the project to go ahead. The other two key conditions were the resolution of a long-term labour agreement to ensure stability during the planning, the construction and the start-up of the Modernisation Project (achieved May 2007), and assurances on environmental permitting ...