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ALCAN ACQUIRES 10 PERCENT SHARE IN ALUMAR ALUMINA PLANT IN BRAZIL

 ALCAN ACQUIRES 10 PERCENT SHARE IN ALUMAR ALUMINA PLANT IN BRAZIL
 MONTREAL, Dec. 30 /PRNewswire/ -- Alcan Aluminium Limited (NYSE: AL) has, through its Brazilian subsidiary, entered into an arrangement whereby the subsidiary will exchange 12 percent out of its 24 percent shareholding in Mineracao Rio do Norte S.A. (MRN) for a 10 percent interest and future expansion rights in a 1-million-ton-per-year alumina refinery which forms part of the Alumar consortium.
 This consortium currently consists of Alcoa Aluminio S.A. and Billiton Metais S.A. Alcan does not acquire any rights with respect to the smelter which also forms part of the Alumar consortium.
 MRN currently operates a bauxite mine at Trombetas, Brazil, with a capacity of 8 million tons per year. Pursuant to the arrangement MRN will acquire additional bauxite reserves from Alcoa and Billiton at an adjacent site. Alcan's take of bauxite from MRN will be maintained at current levels.
 After giving effect to this arrangement, the Alumar refinery will be owned by the following parties in the proportions indicated: Alcoa Aluminio S.A. (54 percent), Billiton Metais S.A. (36 percent) and Alcan Aluminio do Brasil S.A. (10 percent).
 -0- 12/30/91
 /CONTACT: Yves Doucet, 514-848-8378, for Alcan Aluminium/
 (AL) CO: Alcan Aluminium Limited ST: Quebec IN: MNG SU: TNM


CK -- NY022 -- 5639 12/30/91 12:12 EST
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Publication:PR Newswire
Date:Dec 30, 1991
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