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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: EmailDelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \PTHOMAS2 (Non-Privileged)\Thomas, Paul D.\Deleted Items X-Origin: Thomas-P X-FileName: PTHOMAS2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW0034 OCT 15,2001 2:00 PACIFIC 05:00 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Russia Versus the Rest in Guinean Bauxite Scrap, in an Advisory by Industrialinfo.com Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 15, 2001--The following is an advisory by Industrialinfo.com (Industrial Information Resources Inc.; Houston, Texas). The Dian-Dian bauxite concession in the West African country of Guinea is the bone of contention between Russian Aluminium (Rusal) and a consortium, CBG (Compagnie des Bauxites de Guinee), which has among its members Pechiney, Comalco, Alcoa, VAW and Alcan. The Russians already have a concession at Kindia but set the cost of bauxite production at Dian-Dian at roughly 50% of their Kindia deal. They claim that a deal was struck when the Guinean president visited Moscow in July, which pre-empted the CBG group who in turn claim to have first right of refusal with the government in the capital Conakry and are challenging Rusal's claim. Dian-Dian is reported by Rusal to hold between 400 million and one billion tons of bauxite. Local Guineans are split between increasing support for the Russians to assist in developing the national alumina and mining industry and those who doubt whether the Russians will eventually build a planned alumina refinery in Guinea. The latter faction sees CBG benefits in broad industry involvement and the stability of its members. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Metals & Minerals industry as well as other industrial sectors send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--CM/na* CONTACT: Industrialinfo.com, Houston Trey Hamblet, 713/783-5147 KEYWORD: TEXAS RUSSIA INTERNATIONAL EUROPE INDUSTRY KEYWORD: MINING/METALS SOURCE: Industrialinfo.com For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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