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Rusal Cancels Guinea Facility Plans
17.03.2013 21:59
Rusal Cancels Guinea Facility Plans
Photo Credit: http://www.uralinform.ru

Rusal, Russia’s aluminium giant, has backpedalled on the plans to set up a plant in Guinea, says Globe and Mail.

      The decision was cancelled allegedly due to rising power costs and flat demand on the global markets.

      Initially, the construction of the facility worth $5 billion was part of the investment agreement to develop a local aluminium deposit, but was removed after the deal was revised in December 2012.  




Author: Mikhail Vesely

Tags: Rusal Russian metallurgy companies    

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