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RUSAL drops plan for $5-billion aluminum smelter in Guinea: source

Friday, Mar 08, 2013
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Russian aluminum giant RUSAL has quietly abandoned plans for a multibillion-dollar aluminum smelter in Guinea, according to a government source and documents seen by Reuters on Thursday.

RUSAL is trimming its output in the face of weak prices and rising power costs. Its decision adds to a string of vanishing investment plans in the impoverished and restive West African state.

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