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GUINEA: Joint venture development plans for proposed 1.5 million ton per year alumina refinery,...

PROJECT OVERVIEW:

The US-based ALCOA INC. and ALCAN INC. of Canada currently each hold a 43% interest in HALCO MINING INC. CONSORTIUM which in turn holds a 51% equity stake in the local BAUXITES DE GUINEE (CBG), the country's largest bauxite producer. As things currently stand, ALCOA and ALCAN have signed a memorandum of understanding (MOU) in order to undertake a project feasibility study regarding the construction of a new alumina refinery with an installed production capacity of 1.5 million tons per year including potential expansion.

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