Bechtel awarded contract july 9 2008

CANADA—ALUMINUM SMELTER Rio Tinto Alcan has awarded Bechtel a $200 million contract to provide engineering, procurement, and construction management for the modernization of an aluminum smelter in Kitimat, British Columbia. The project would increase the smelter’s annual production capacity by 125,000 tonnes a year to 400,000 tonnes. It would also reduce greenhouse gas emissions by more than 40 percent. The upgraded smelter would be among the largest in North America. Signing of Project Labour Agreement scheduled for Aug. 28th. in Vancouver. Final approval by Rio Tinto board expected 4th. quarter 2008. We will do our best to keep up with the latest.