News
Halco Announces Agreement Regarding Bauxite Rights and Supply in Guinea; Parties Include CBG, Government of Guinea and Global Alumina
NEW YORK--(BUSINESS WIRE)--Jan. 17, 2006--Halco (Mining) Inc. ("Halco") today announced that a definitive three-party agreement ("Agreement") has been reached between the Government of the Republic of Guinea, Global Alumina and Compagnie des Bauxites de Guinee (CBG), regarding bauxite rights and supply in accordance with the Basic Agreement of CBG, enabling growth in the alumina refining industry in Guinea.
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Alcan, Alcoa and Government of Guinea Sign Basic Agreement for 1.5 Million Mt Per Year Alumina Refinery in Guinea
CONAKRY, Guinea--(BUSINESS WIRE)--Nov. 22, 2005--Alcan Inc. (NYSE:AL)(TSX:AL) and Alcoa World Alumina LLC, a joint venture between Alcoa (NYSE:AA) and Alumina Ltd., with Alcoa holding 60 percent, today announced they signed a Basic Agreement with the Government of Guinea that sets forth the framework for development of a 1.5 million metric tonne per year (mtpy) alumina refinery in Guinea with further expansion potential.
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Halco and Government of Guinea Announce Agreement Regarding Bauxite Rights; Agreement a Watershed To Spur Growth of Alumina Refining in Guinea
NEW YORK--(BUSINESS WIRE)--Oct. 31, 2005--Halco (Mining) Inc. ("Halco") and the Government of the Republic of Guinea announced today that they have reached an agreement regarding bauxite rights in accordance with the Basic Agreement of Compagnie des Bauxites de Guinée (CBG), enabling growth in the alumina refining industry in Guinea.
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Halco (Mining) Inc., is a corporation organized under the laws of the State of Delaware, U.S.A. Halco’s stockholders include Alcoa World Alumina L.L.C (45%), Alcan Finances (Bermuda) Limited (45%) and Dadco Investments Limited (10%).
Halco has been a key player in the development of bauxite in Guinea for more than 30 years. Halco is a 51% shareholder of CBG, a partnership which mines bauxite in the Boke region of Guinea for export to the United States, Canada and various countries in Europe. The Government of the Republic of Guinea holds the remaining 49 percent of CBG.
CBG has exclusive rights through 2038 to bauxite reserves and resources in a 10,000 square mile area in the northwestern part of the country. |
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