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Alcoa pushes ahead with 360,000 tpy smelter in Greenland
June 22, 2010 - 16:40 GMT
The construction of Alcoa’s 360,000 tpy Greenland aluminium smelter project is on schedule, with the smelter and associated 650MW power plant expected to come in to production by year-end 2014, the company told MB.
The groundbreaking for the hydropower plant is expected to
proceed by year-end 2010, and for the smelter in 2012. The two
units combined, once operational, will employ up to 1,200
mainly immigrant workers. Greenland has a population of less
than 60,000, and a labour shortage is expected. Concerns have
been raised in Greenland's parliament that the island's economy
is too fragile to accommodate major projects such as the Alcoa
smelter venture, and that the island is rushing too hastily
into metals (and oil field) developments before it has proper
monitoring and legal systems in place to manage large-scale
industrial schemes. "We are satisfied with progress made, and
confident that we can be...
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Euromoney Institutional Investor PLC.
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