Dubai Aluminium eyes African mines stake

AFRICAN MOVE: Dubai Aluminium is looking at buying stakes in mines in Cameroon and DR Congo.

Dubai Aluminium (Dubal) is looking to buy stakes in mines in Cameroon and the Democratic Republic of Congo as it seeks to secure raw materials needed for aluminium production.

The company was considering the move as the Gulf region held insufficient reserves of raw material bauxite, president and CEO Abdulla Kalban said on Monday on the sidelines of the Arab Aluminium conference and exhibition held in Dubai.

The company already holds a 25 percent stake in refinery projects in Guinea with its partners Global Alumina and BHB Billiton and is carrying out a feasibility stufdy into the possibility of further projects.

He told Arabian Business: "In Africa we are looking at different areas like Cameroon and also Congo."

Print | Email | Discuss this article |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM