EMIRATES GLOBAL ALUMINIUM NEARING FINANCE FOR $1.4BN GUINEA BAUXITE MINE

GUINEA Alumina Corporation, a subset of Emirates Global Aluminium, is nearing conclusion of a finance package worth $700m to $800m which it will use to build a new $1.4bn bauxite mine in Guinea, said Reuters.

If the finance is concluded, it will lead to the largest greenfields investment in the West African country in four decades, the newswire said.