Alcan Inc. has announced that the 300,000 tonne per year alumina supply agreement between Kaiser Aluminum International. and its subsidiary Pechiney Trading Company remains valid and enforceable for its entire duration until the end of 2006.
The motion filed against PTC by Kaiser Aluminum Corporation and affiliated entities (including Kaiser Aluminum & Chemical Corporation (KACC) and KAII) to cancel the alumina supply agreement in connection with KACC's proposed sale of its interest in the Alpart alumina refinery has been definitively withdrawn. The motion was filed on January 20, 2004 before the U.S. Bankruptcy Court for the District of Delaware, seeking to reject the five- year alumina supply agreement between KAII and PTC.
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