Abu Dhabi's state-owned fund Mubadala and the Guinea government have signed a $5 billion agreement to build a bauxite and alumina refinery in Guinea, the West African country's minister of mines and geology said on Monday.
Saudi Arabian Mining Co (Ma'aden) expects to start producing bauxite from a new mine in the second quarter of 2014, a company executive said.
Ma'aden and US partner Alcoa are developing a mine with the capacity to produce
Dubai Aluminium (Dubal), the owner of the world's largest single-site primary aluminium smelter and Abu Dhabi state investment fund Mubadala have secured the full ownership of Guinea Alumina Corporation (GAC).
A leading producer of
Abu Dhabi state-owned investment company Mubadala has signed a long-term supply agreement with Compagnie des Bauxites de Guinee (CBG) for the main raw material in aluminium, the Emirati state news agency reported.
Guinea is the wo
Mubadala Development Company, Abu Dhabi’s strategic investment and development firm, will explore opportunities in sectors such as bauxite, alumina and iron ore in the Republic of Guinea.
The move follows the signing of collaborative agree
Saudi Arabia has completed two thirds of a planned railway to transport phosphate and bauxite ore needed for a $10.8 billion project by miner Maaden and US firm Alcoa, state news agency SPA said.
The Gulf Arab state is building a railway l
The $10-billion joint venture of state-controlled Saudi Arabian Mining Co (Ma'aden) and US-based Alcoa has started work on a plant that would be the world's largest fully integrated aluminium complex, Ma'aden said on Saturday.