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[September 2006]
Global Alumina Confirms Discussions with Potential Investors
In response to a news report filed on 7 September 2006 by Dow Jones Newswires, Global Alumina Corporation confirmed that it is in confidential discussions with several parties with respect to alternative transactions, including a possible investment in the company or in the project. The investment may or may not involve a 25% interest. The company is seeking to conclude negotiations in 2006 with a second strategic investor, in addition to its current strategic partner, Dubai Aluminium Company Ltd.
Global Alumina is a company that intends to use the vast bauxite resources of Guinea to produce alumina for sale to the global aluminium industry. Global Alumina says it is positioned to be one of the largest companies focused solely on alumina production and sales, and offers an opportunity for socially responsible investing in a country that holds over one-third of the world's bauxite resources. Global Alumina is headquartered in Saint John, New Brunswick with operations in Boké, Guinea and has administrative offices in New York, London, Montreal and Conakry, Guinea.
www.globalalumina.com
ENDS