Global Alumina Corporation (TSX: GLA.U) is a low-cost supplier of alumina with a management team dedicated to being socially responsible and creating long-term shareholder value as they build and operate their world-class alumina refinery in the Republic of Guinea, West Africa.
Founded in 1999, the company has positioned itself to become one of the largest companies focusing solely on alumina production. They offer an opportunity for socially conscious investing in a country that holds one-third of global bauxite resources, yet is one of the world’s poorest countries. The company has commenced a consultation process at the village, state and national levels, and seeks to adhere to the highest social and environmental standards.
Global Alumina’s principal project is the development of an alumina refinery that has the capacity to produce 3.2 million metric tons-per-year located in the Sangaredi region of Guinea, along with the requisite energy, water, and transportation and social infrastructure. The new refinery is designed to accommodate a 50-percent physical expansion, with a gradual increase over 20 years of up to 15 percent additional output through operational improvements. The project is jointly controlled by BHP Billiton, DUBAL and Mubadala.
Global Alumina also owns Aluminpro Aluminum Industry Professionals, Inc., an international consulting firm based in Canada with about 30 senior professionals who possess considerable knowledge and world-class operating and managerial experience in the upstream aluminum industry. Aluminpro supports Global Alumina’s interests and efforts through considerable early-stage conceptual engineering and ongoing technical management contributions.
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