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DAM-L LS: Noranda files environmental impact study (fwd)



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Date: Thu, 30 Aug 2001 10:19:58 -0700
To: irn-biobio@netvista.net
From: Monti Aguirre <monti@irn.org>
Subject: LS: Noranda files environmental impact study
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[ Charset ISO-8859-1 unsupported, converting... ]
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 ? 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


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