Global Alumina Corporation (the "Company") (TSX: GLA.U) announced today that the Toronto Stock Exchange (the "TSX") has completed its review of the common shares of the Company and determined that the Company satisfies the TSX's continued listing requirements.
On March 27, 2007 the TSX announced it would review the common shares of the Company with respect to meeting the continued listing requirements based on the Company's financial condition prior to the completion of the joint venture to develop and operate an alumina refinery in the Republic of Guinea on May 17, 2007.
On June 21, 2007, the Listings Committee of the TSX determined, based on current financial information of the Company, that the common shares of the Company meet the continued listing requirements of the TSX. The TSX notified the market of its decision after the market closed yesterday.
About Global Alumina
Global Alumina and its joint venture partners are developing a three million tonnes per annum alumina refinery located in the bauxite-rich region of the Republic of Guinea. Its joint venture partners are BHP Billiton, Dubai Aluminium Company Limited and Mubadala Development Company PJSC. The join venture's refinery project is one of the most advanced new projects in Guinea with the refinery already in feasibility stage and critical path infrastructure and site work already underway. Global Alumina is positioned to be one of the only companies focused solely on alumina production and sales. The company offers a first mover advantage over other projects in the region and an opportunity for socially responsible investing in a country that holds over one-third of the world's bauxite resources. Global Alumina is headquartered in Saint John, New Brunswick with operations in Boke, Guinea and has administrative offices in New York, London, Montreal and Conakry, Guinea.
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