Vimetco, a Dutch company controlled by Russian shareholders,which owns the biggest aluminium smelter in Romania, Alro Slatina(ALR), intends to transfer to its local company Alum Tulcea (BBGA),which it also controls, the bauxite mining operations in SierraLeone, whose daily yield reaches about 1.4 million tonnes ofbauxite. Sierra Leone is a Western African country known for itsdiamond, titanium oxide and bauxite resources.
The deal worth more than 25 million dollars is one of the fewwhereby a local company buys the operations abroad of the parentcompany and strengthens the operations of the group inRomania.
Alum is to buy Global Aluminium Limited, which owns the bauxitemining operations in Sierra Leone, a deal partly financed with aloan taken from Raiffeisen and worth 25 million dollars, Vimetcoofficials said.
The transfer comes at a time when Alum gets its raw material,bauxite, from the mines in Sierra Leone of the Vimetco group,supplying Alro Slatina with alumina for its aluminiumproduction.
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