Dubai: Dubai Aluminium Company Limited (Dubal) will get its first share of alumina from the $3-billion alumina refinery project in the Republic of Guinea in 2010 when the first stage of the plant becomes operational.
Dubal holds a 25 per cent stake in the venture. Its partners BHP Billiton and Global Alumina have 33.33 per cent share each and Abu Dhabi's Mubadala Development Company has 8.33 per cent ownership.
The companies announced a formal agreement on Monday in Dubai for the Sangaredi Refinery Project in Guinea.
The project is one year behind schedule and has seen its development cost increase from $2.4 billion to $3 billion.
Dubal has an agreement to take 40 per cent of the refinery's output.
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