The parliament of Guinea has approved amendments in a deal with Emirates Global Aluminium that will see the start of bauxite production in 2017 and the construction of a two-million-tonne-per-year alumina refinery from 2018, Reuters has reported. “The National Assembly unanimously adopted the amendment of Global Alumina project,” Saadou Nimaga, legal counsel of Guinea’s mines ministry told the news service. The project was previously owned by a consortium that included Dubai Aluminium (Dubal), Mubadala, BHP Billiton and Global Alumina and had planned to build a 2.8 million tonnes refinery. The project was delayed after failing to raise funds following the financial crisis. Owned by Abu Dhabi’s Mubadala Development Co and the Investment Corporation of Dubai, EGA was formed by integrating the businesses of Dubal and Emirates Aluminium. Guinea Alumina Corporation (GAC), which will deliver the project, is a wholly-owned subsidiary of EGA.
Thursday, June 26- 2014 @ 0:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.