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Dubai Aluminium and Mubadala amounted to 100% in the capital of Guinea Alumina Corporation
Edited by : AL CIRCLE
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The UAE Dubai Aluminium Group and Mubadala, an investment fund owned by the government of Abu Dhabi, announced on May 16, they will rise to 100% in the capital of Guinea Alumina Corporation (GAC), by purchasing the shares of BHP Billiton and Global Alumina Corporation in society.
Dubai Aluminium has so far 25% of Guinea Alumina Corporation against 8.3% for Mubadala.
The BHP Billiton Group and Global Alumina Corporation each own 33% of the company that operates a large bauxite mine and alumina refinery in Guinea. "The upstream part of the development strategy of the aluminum industry in the United Arab Emirates. We continue to invest to give birth to a world champion in this sector, "said Waleed Al Mokarrab Al Muhairi, COO of Mubadala. "We are very pleased to continue to expand our investments in bauxite in Guinea," he added.
Dubai Aluminium has so far 25% of Guinea Alumina Corporation against 8.3% for Mubadala.
The BHP Billiton Group and Global Alumina Corporation each own 33% of the company that operates a large bauxite mine and alumina refinery in Guinea. "The upstream part of the development strategy of the aluminum industry in the United Arab Emirates. We continue to invest to give birth to a world champion in this sector, "said Waleed Al Mokarrab Al Muhairi, COO of Mubadala. "We are very pleased to continue to expand our investments in bauxite in Guinea," he added.
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