From monti@irn.org Sun Sep 16 16:22:54 2001 Date: Thu, 30 Aug 2001 10:19:58 -0700 From: Monti AguirreTo: irn-biobio@netvista.net Subject: LS: Noranda files environmental impact study [ The following text is in the "iso-8859-1" character set. ] [ Your display is set for the "US-ASCII" character set. ] [ Some characters may be displayed incorrectly. ] Thursday, August 29, 2001 Noranda files environmental impact study for potential aluminum project in southern Chile Fulfills One of Several Requirements Before Approval Can Be Given Santiago, Chile, August 29, 2001 ^Ö Proyecto Alumysa Ltda., an affiliate of Noranda Inc. of Toronto, Canada, today announced that it has filed an Environmental Impact Study (EIS) with the Environmental National Commission of Region XI, in Southern Chile, for the construction of an aluminum reduction plant and its related hydroelectric facilities. The plant will have a capacity of approximately 440,000 tonnes of aluminum per year. "We hold excellent water and land assets in southern Chile, assets which we believe could support a world-class aluminum plant," said Steve J. Heddle, Noranda's President of Primary Aluminum Products. "The filing of the EIS is only one of several requirements that must be satisfied before a final go-ahead can be given to the project." The Project's EIS must first obtain approval from the Chilean environmental authorities. Then, the participation of one or more investment partners must be secured and, finally, Noranda's Board of Directors will need to approve a revised feasibility study that incorporates the latest economic and operational data. It is expected to take between six and nine months for the Chilean environmental agency to make a decision on the EIS. Noranda Inc. is a leading international mining and metals company with more than 48 mining and metallurgical operations and projects under development in eight countries. Noranda is one of the world's largest producers of zinc and nickel and is a significant producer of copper, primary and fabricated aluminum, lead, silver, gold, sulfuric acid and cobalt. Noranda is also a major recycler of secondary copper, nickel and precious metals. Noranda employs over 17,000 people. It is listed on The Toronto Stock Exchange and the New York Stock Exchange (NRD). - 30 - (Additional information available at http://www.noranda.com/alumysa) Contacts: Dale Coffin Manager, Public Affairs & External Communications Noranda Inc. 416-982-7161 coffind@noranda.com Robert Biehl General Manager Projecto Alumysa Ltda. 011-562-337-0681 BiehlR@santiago.noranda.cl Noranda Inc. 181 Bay Street, Suite 4100, P.O. Box 755, BCE Place Toronto, Ontario, Canada, M5J 2T3 Tel: 1 416 982 7111 Fax: 1 416 982 7446 Email: request@noranda.com ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Monti Aguirre Latin American Campaigns International Rivers Network ------------------------------------------------------------------------------------- To unsubscribe from this list, send a message to majordomo@netvista.net with no subject and the following text in the body of the message "unsubscribe irn-biobio".