MONTREAL, June 16 /PRNewswire/ - Landsvirkjun, the Icelandic power utility, and Rio Tinto Alcan have successfully concluded negotiations on a renewed power contract for Alcan Iceland Ltd's aluminium smelter in Straumsvik, Iceland. The new contract runs to the year 2036 whereas the current contract could be extended to 2024 based on Landsvirkjun and Rio Tinto Alcan reaching an agreement by 2014. The new contract also provides for 75 MW of additional power, which is one of the conditions needed to carry out a planned amperage increase at the smelter.

MONTREAL, Jan.

Chief executive Tom Albanese said: "The long term outlook for Rio Tinto remains positive despite the upheavals in global markets. In the third quarter, our business continued to perform extremely well, breaking yet more production records in iron ore, bauxite, hard coking coal and US coal.

By David Williamson THE likelihood of a new nuclear power station on Anglesey may have edged closer following the collapse of French energy giant EDF's pounds 12bn bid to buy British Energy.

Commenting on the second quarter's production results, chief executive Tom Albanese said: "These strong results show that we are continuing to expand to meet rapid demand growth in the developing world.