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Global Alumina gets green signal for interest sale in Guinea Alumina
Edited by : AL CIRCLE
1 min read
Global Alumina Corporation is pleased to announce that the Ministry of Mines and Geology of the Republic of Guinea has issued a No Objection Letter in connection with the previously announced sale by the Company of all of its interests in Guinea Alumina Corporation Limited to DM GAV Limited.
The receipt of the NOL satisfies a material condition precedent to the completion of the transaction pursuant to the terms of the share purchase agreement entered into by the Company and DM GAV (the "SPA").
Completion of the transaction remains subject to, among other things, completion of DM GAV's acquisition of BHP Broken Hill Proprietary Company PTY Limited's interests in Guinea Alumina and to regulatory and shareholder approvals.
The receipt of the NOL satisfies a material condition precedent to the completion of the transaction pursuant to the terms of the share purchase agreement entered into by the Company and DM GAV (the "SPA").
Completion of the transaction remains subject to, among other things, completion of DM GAV's acquisition of BHP Broken Hill Proprietary Company PTY Limited's interests in Guinea Alumina and to regulatory and shareholder approvals.
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