Tuesday, December 15, 2009

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PARAGUAY: RIO TINTO TO ATTACK

INVESTMENT around U.S. $ 2,500 million, but ASKED IF UNCLEAR subsidized rates Multinational aluminum

expressed desire to invest ANDE signed a letter of intent with the multinational Rio Tinto Alcan aluminum smelter, for the installation of a factory in our country. It was announced a total investment of U.S. $ 2,500 million and the creation of a source of employment for 19,000 people.





Sandeep Biswas, senior vice president of Rio Tinto Alcan, and Sixto Amarilla, head of the ANDE, sharing folders.




A letter of expression of interest -First step to installing an aluminum-smelting factory yesterday signed ANDE and representatives of the multinational Rio Tinto Alcan, with headquarters in Montreal, Canada.
The agreement seeks to "competitive prices" power-on proposals from the '90s, like the Reynolds, who was a subsidized rate by the Paraguayan State, "for the firm to cover operating costs generation furnace, which requires 800 MW of energy (a unit of Itaipu, plus 100 of a second). The firm, which has 27 aluminum smelters around the world, talks about an investment of U.S. $ 2,500 million and the creation of 19,000 jobs in the construction phase and operation. In the first talk of 16,000 jobs, 3,000 directly, and in the second of 8,000 in general and 850 directly.
signed the letter, the vice president of the multinational Sandeep Biswas, and the owner of ANDE, Sixto Amarilla. Attended by Finance Minister Dionisio Borda and Industry Minister, Francisco Rivas.
"We are pleased to take this step after a year for a project that will promote our goal of investing in front line projects, as is the desire of Paraguay to achieve sustainable economic development," Biswas said after signing the agreement.

Borda Minister said it is a great responsibility to our country, the coming of such a company, "within a philosophy that is the same government, acting within the greater transparency and within standards of environmental preservation. "
The start of operations planned for 2016, according to the timetable proposed. From 2010 to 2011 would be to conceptualize and study, from 2011 to 2014, engineering and, between 2014 and 2016, the construction of the headquarters to be in a site close to the generating unit power or a transmission line, the very large deficit currently facing the state, lack of transmission lines.

is in over 50 countries

Rio Tinto is an international group that mined and processed minerals and metals. It has over 90,000 staff in over 50 countries.

Diamonds, copper, gold and silver, gypsum, uranium, talc, salt, titanium dioxide, bauxite, alumina and aluminum, borates, among others, listed as its main operating income.

headquarters are divided between London (England) and Melbourne (Australia), but the aluminum is located in Montreal (Canada).

In 2008 the multinational net income of U.S. $ 10,300 million. Sustainable development is one of the premises of the company, according to executives.


December 14, 2009 ABC / Paraguay



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