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MEI Online: Plant Operation News: Africa: August 1st 2003


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:: Pechiney Stamps its Approval on Coega Deal

Pechiney has re-affirmed its commitment to the planned $2 billion aluminum smelter at Coega by announcing that it will take a larger-than-expected 49% stake in the project. Executive chairman Jean-Pierre Rodier said in Pretoria that that the project would be developed whether or not Alcan succeeded in its takeover bid for Pechiney. The smelter is now scheduled to come on stream in 2006 instead of 2005, with full capacity being reached by 2007.




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