Monday 28 July 2014

Mubadala to build $5bn bauxite plant in Guinea

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.


China, India raise alumina sales to Iran

Iran has hiked purchases of alumina from China and India in the past two months as the country scrambles to shore up supply after the US tightened sanctions on raw and semi-processed materials at the start of July. Western measure


Dubal, Mubadala take over Guinea Alumina Corp

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


Mubadala eyes investments in Guinea

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


Maaden retenders $1bn refinery contract

Saudi Arabian Mining Co (Maaden) has retendered a $1 billion construction contract for its 1.6 million tonnes per year (tpy) alumina refinery, said a report. Maaden originally awarded the engineering, procurement, construction and manageme


RAK seeks $1.8bn for India plant, island

The Ras Al Khaimah Investment Authority (Rakia) plans to raise at least $1.8 billion in bonds and loans this year to build islands off the UAE coast and an aluminium plant in India. Rakia, which manages funds of Ras Al Khaimah's government

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