:: Alunorte Awards Contract To Logos Engenharia S.A./Aker Kvaerner for a Major Expansion of Brazilian Alumina Facility

Alumina do Norte do Brasil S.A. (Alunorte) has awarded a contract for program management support services for a second expansion of its alumina production facility to a consortium that includes Logos Engenharia S.A. and Aker Kvaerner. The contract will be worth approximately USD 1.7 million to Aker Kvaerner.

The Alunorte facility, located near the City of Belem, State of Para, northern Brazil, is currently producing 2.4 million tonnes per year of alumina after completing its first major expansion in early 2003. The scope of the Expansion II project includes installation of production lines 4 and 5 for an additional 1.8 million tonnes per year, taking the plant up to 4.2 million tonnes per year capacity. The expansion will consume bauxite from a new source, Mineração Vera Cruz mine, located in the Paragominas region in the State of Para. The expansion project will be completed in mid-2006.

"Aker Kvaerner is very pleased to partner with Logos to participate in Alunorte's alumina refinery expansion program," said Jim McGrath, President of Aker Kvaerner's global Mining & Metals business. "Our team will provide a strong combination of worldwide and local project management and project controls expertise for this important project."

Alunorte is a private company formed by a group of strategic partners including the Brazilian companies Companhia Vale do Rio Doce S.A. (CVRD) and Companhia Brasileira de Alumínio (CBA), the Norwegian company Norsk Hydro ASA, and the Japanese groups NAAC Co., JAIC Co., Mitsui & Co. and Mitsubishi Corporation.

The Aker Kvaerner legal entity participating in the project is Aker Kvaerner Canada, Inc.