RUSAL Plan to Invest Nigeria Aluminum Smelter

Abugong, Dec. 9—Nigeria Alscon plans to invest 17.5 billion naira to promote this company complete production. Rusal, Ferrostaal AG and the Federal government of Nigeria will finished this invests in the following three years. CEO of Alcan Alexander Bulygin said it will offer high-end technology to this smelter, to make this smelter to be a mainstream manufacture. He also discloses that to purchase Nigeria government through a private way is a part of promoting Nigeria and other West Africa area. Under the supervision of Bureau of Public Enterprises, RUSAL has successfully on this bidding and signed agreement on purchase most of Nigeria smelter’ shares, Ferrostaal AG and the Federal government of Nigeria each own 7.5% and 15%.