Rusal Holds Talks With Guinea to Develop Bauxite Deposit

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.