TORONTO, Dec. 29 - Global Alumina Corporation today announced that the Company and its lenders under the US$100 million Loan Facility Agreement have agreed to further extend from December 31, 2006 to January 12, 2007 the deadline for negotiation of the terms of the joint venture to develop and operate the Company's alumina refinery project in the Republic of Guinea. The lenders under the Loan Facility Agreement are an affiliate of BHP Billiton, Dubai Aluminium Company Limited and Mubadala Development Company PJSC.
Negotiations with the joint venture participants are expected to continue into January. To date, the Company has drawn down an aggregate of US$22,072,845 under the Loan Facility Agreement.
The execution of the Loan Facility Agreement and the agreement to negotiate the proposed joint venture were announced on November 5, 2006. An extension to the deadline under the Loan Facility Agreement was announced on November 30, 2006.
豫公网安备41010502003434号