30 JULY 2011prnewswire.com
Global Alumina Announces Joint Venture Budget Approval
Edited by : AL CIRCLE
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Global Alumina Corporation (TSX: GLA.U) (the "Company" or "Global Alumina"), a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced that the joint venture board of directors approved additional Project funding of $6.5 million for the period August 1, 2011 through August 31, 2011. Global Alumina will be responsible for its one-third share of this amount. The joint venture board had previously approved cumulative Project funding from inception through July 2011 of $757.8 million of which $747.1 million was incurred or prepaid through June 2011 and $743.4 million has been funded to date.
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