us2bn plan to go to board for approval

Sydney - Wednesday - Jan 30: (RWE Australian Business News) -
Rio Tinto's (ASX:RIO) US$2 billion project to modernise its Kitimat
smelter in British Columbia, Canada, will be submitted for Board
approval following the decision by the British Columbia Utilities
Commission (BCUC) to accept the 2007 Energy Purchase Agreement (2007
EPA) between Rio Tinto Alcan and BC Hydro.
This is the last of three conditions necessary to be met for the
project to go ahead. The other two key conditions were the resolution of
a long-term labour agreement to ensure stability during the planning,
the construction and the start-up of the Modernisation Project (achieved
May 2007), and assurances on environmental permitting issues (achieved
late December 2007).