Alumysa, Chile
Stage: On Hold
Falconbridge owns all the critical assets including the valuable hydroelectric sites, water rights and land associated with the Alumysa project in the Aysén area of southern Chile.
The proposed project would consist of an aluminum reduction plant which receives all necessary electrical power from three separate hydroelectrical facilities: the Rio Cuervo, Lago Condor and Rio Blanco. These facilities have the potential for installed capacity of 740, 54 and 360 megawatts, respectively. The aluminum plant would be located on the Aysen fjord and include a deep water port. The plant would produce 440,000 tonnes per year.
The Alumysa project would create about 1,100 jobs directly and 5,000 jobs indirectly in the Aysen region. The project would comply with all Chilean and international environmental standards. This would include the fluorine emission regulations of Switzerland, which are the strictest in the world.
In August 2003, Falconbridge announced that it had decided to temporarily suspend some activities related to the Alumysa project. This decision is in line with the Company's project development strategy based on prevailing regional and international conditions which are not fully favourable.
Norandal Foil Project, Tennessee
Stage: Completed
The Noranda Foil Project (also known as "Quantum Leap Project") is an ultra-modern, high-speed aluminum foil plant completed in 2002. The facility has an annual capacity to produce 91,000 tonnes of low-cost foil per year. It is located in Huntingdon, Tennessee.
Aluminum Rolling Mills
St. Ann Bauxite and Gramercy Acquisition
Stage: In Operation
In May 2004, Falconbridge, with Century Aluminum Company, agreed to purchase the Kaiser Aluminum's plant in Gramercy, Louisiana and Kaiser's related bauxite operations in Jamaica. The transaction was completed in October 2004, and subsequently the Jamaican operations were renamed St. Ann Bauxite Partners. Falconbridge and Century each paid half of the approximately US$23 million total price, for each to hold a 50% economic interest. The purchase by Falconbridge of this interest provided the Company with the benefits of being a fully integrated business from bauxite through to aluminum foil.
Gramercy Aluminum Refinery
St. Ann Bauxite Mine |
