Guinea alumina company new construction budget raise 35%

Feb. 25—currently, Global Alumina Corp. said Guinea new construction budget raise 35% to $4.3b, and the construction date delay to September in 2011. Global Alumina Corp. and BHP Billiton each own one third of Guinea Alumina stock, the left is owned by EMAL and Mubasala. Global Alumina Corp. said the new construction cost mainly come from the devaluation of US dollars and the growing demanding of construction equipment and building industry. Global Aluminum Corp. said when the construction work finished, the two production lines production capacity can reach 3,300,000 ton each year, 100,000 ton higher each year higher before. Moreover, Guinea Alumina will set up another line, then the production each year can reach 5,000,000 ton per year.