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March 23, 1999

Alcoa to Shut Down Suralco Smelter

PITTSBURGH--March 23, 1999-- Alcoa announced today that it will shut down its 30,000 metric-ton-per-year smelter in Suriname indefinitely. The smelter shutdown has been influenced by the high relative cost of the smelter and low rainfall affecting power generation. Shutdown will commence immediately and be completed over the next few weeks.