Bloomberg News

Rusal Holds Talks With Guinea to Develop Bauxite Deposit

June 28, 2011

(Updates with Rusal comment in third paragraph)

June 28 (Bloomberg) -- United Co. Rusal, the world’s largest aluminum producer, said it’s in talks with the government of Guinea on terms to develop the Dian Dian bauxite deposit.

The African nation’s government plans to introduce new rules on mining concessions, Vladislav Soloviev, first deputy chief executive officer of Moscow-based Rusal, told reporters today. Rusal expects the policy change won’t affect the Dian Dian venture because it isn’t a new project, Soloviev said.

“We are ready to start to develop the deposit, but we need to solve the problems with infrastructure and agree on railroad use with the government,” he said.

--With assistance from Yuliya Fedorinova in Moscow

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net


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