Greenland Parliament Agrees to 2nd Phase of Joint Studies on Potential Smelter and Hydropower Project

by ALCOA 13 May 18:55

NEW YORK—(BUSINESS WIRE)—Alcoa (NYSE:AA) today welcomed the decision taken by the Greenland parliament to advance into a second phase of joint studies with Alcoa into the feasibility of establishing a world class sustainable aluminum industry in Greenland.

The parliament strongly endorsed Greenland Home Rule government’s recommendation that the proposed 340,000 metric ton per year smelter should be sited at Maniitsoq and allocated significant funding to support the joint studies. These studies, which will extend through 2009, will delve in detail into the economic, social, and environmental aspects of the proposed facility. The parliament is expected to convene again in 2009 to consider Greenland’s ownership position in this project

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