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Emirates Global Guinea unit to secure USD 700 to USD 750 million financing soon - CFO

Metal News - Published on Wed, 13 Mar 2019

Image Source: Emirates 24/7
Emirates Global Aluminium unit Guinea Alumina Corp is close to securing USD 700 to USD 750 million in financing for a new bauxite project in the Republic of Guinea. Mr Danny Dweik CFO said that the financing is for a USD 1.4 billion bauxite mining project EGA is developing through its wholly-owned subsidiary. That would be the largest greenfield investment in the West African country in the last four decades. He said that “The project financing is ongoing, it is in the final stages. We are hoping to close very soon."

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Posted By : Rabi Wangkhem on Wed, 13 Mar 2019
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