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Gold/Mining/Energy : SNC

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To: Gilbert Drapeau who wrote (114)3/8/2000 11:41:00 AM
From: Gilbert Drapeau  Read Replies (1) of 161
 
SNC-Lavalin Wins Contract for Noranda's Altonorte Copper
Smelter Upgrade

MARCH 8, 2000
MONTREAL, QUEBEC--SNC-Lavalin has obtained a contract from Noranda
Chile S.A. for the upgrade and modernization of the Altonorte
copper smelter near Antofagasta, Chile. SNC-Lavalin will conduct
the project in two parts with engineering to begin immediately.
The total investment is US$170 million.

The first part, expected to be completed by the end of 2001,
consists of modifications to the concentrate treatment system, a
new continuous reactor and gas handling system, slag cleaning, one
new refining furnace and acid plant modifications. The second
part, with an expected completion date of early 2003, but which
date will ultimately be dependent on attaining satisfactory
commercial agreements, comprises the installation of three new
copper converters, additional refining furnaces, a new sulphuric
acid plant and attendant gas handling and cleaning equipment.

The project will double concentrate treatment capacity to 820,000
tonnes per year, and enhance the smelter's environmental
performance. Work has commenced on site clearing, preparation and
establishment of the construction camp to start main civil
installation in the third quarter of 2000.

SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Toronto Stock Exchange (symbol: SNC).
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