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Alunorte awards contract to Logos Engenharia S.A./Aker Kvaerner for a major expansion of Brazilian alumina facility

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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.


ENDS


For further information, please contact:
Jason Cohen, Manager of Marketing and Communications, Aker Kvaerner Metals Tel: +1 (925) 244-6064
Aker Kværner ASA
is through its subsidiaries and affiliates ("Aker Kvaerner") a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries. The Aker Kvaerner group consists of many legally independent entities, constituting their own separate identities. Aker Kvaerner is used as the common brand or trademark for most of these entities.


Oil, Gas, Process & Energy
executes technology development, engineering and construction services for industries as diverse as Oil & Gas Onshore and Offshore Developments, Chemicals & Polymers, Pharmaceuticals, Government Services, and Mining & Metals. Our broad range of technical expertise and program services has been molded to support the life cycles of the industrial and technology-based companies that form the backbone of our economy.


Aker Kvaerner Metals
serves mining and mineral processing companies by providing studies, project management, EPC, EPCM, commissioning and start-up services. Full service offices are located in San Ramon, California and Pittsburgh, Pennsylvania in the United States; Santiago, Chile; and Toronto, Canada. Aker Kvaerner Bowen, based in Salt Lake City, Utah, specialises in plant start-up and services to operating plants. Services to the Metals industry are also provided by AK Engineering Services in Europe and Aker Kvaerner Australia. These three organisations work closely together in support of our clients.


This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com

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