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| US Century Aluminum Subsidiary Signs Joint Action Plan for New Icelandic Smelter Century Aluminum Company announced that Nordural ehf, a wholly owned subsidiary, has signed a joint action plan with the Reykjanesbaer Municipality, the Invest in Iceland Agency, which is owned by the Ministry of Industry and Commerce and the Trade Council of Iceland, to further evaluate the possible construction of a new aluminum smelter in the vicinity of Helguvik, approximately 30 miles from the city of Reykjavik. The joint action plan is scheduled for completion no later than July 2006. There is a follow-up to an agreement that Nordural signed in May 2005 with the power producer Hitaveita Sudurnesja hf., and the municipality of Reykjanesbaer. An initial study indicated that harbor conditions in Helguvik, as well as energy acquisition and environmental conditions, were all favorable for the siting of a new aluminum smelter. write your comments about the article :: © 2005 Construction News :: home page |