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News

South African Government and Alcan to conduct feasibility study for construction of new aluminium smelter

Alcan Inc : 18 November, 2004  (Company News)
Alcan Inc is to conduct a new feasibility study with the South African Government and its Industrial Development Corporation (IDC) for the construction of a new aluminium smelter in Coega, Eastern Cape Province, South Africa.
Alcan Inc is to conduct a new feasibility study with the South African Government and its Industrial Development Corporation (IDC) for the construction of a new aluminium smelter in Coega, Eastern Cape Province, South Africa.

'Together, we are continuing to examine the best value-creating alternatives offered by the Coega aluminium smelter project,' said Cynthia Carroll, President and Chief Executive Officer of Alcan's Primary Metal Group. 'The focus of this new study will be the use of the highly efficient and advanced AP30 or AP35 smelting technologies,' she added.

This initiative is a direct result of on-going talks held between Alcan and a South African Government delegation led by the Department of Trade and Industry. The study is scheduled to be completed by the second quarter of 2005.

The Coega Smelter Project is expected to produce up to 660 kt of aluminium per year. If the project receives the go ahead, construction could possibly start as early as the end of 2005 with the first metal being produced in 2008. The Coega Industrial Development Zone and new port facility are intended to be a focal point for future foreign investment.

The South African Minister of Trade and Industry, Minister Mandisi Mpahlwa, is pleased with the progress being made on the proposed project thus far. IDC Acting CEO, Raisibe Morathi, said 'IDC welcomes the opportunity to work with Alcan on this exciting development prospect.'
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