Dubal, Mubadala complete acquisition of Guinea Alumina

The announcement is the result of completing the acquisition of the remaining project interests in the joint venture from Global Alumina Corporation and BHP Billiton.

This follows the recent announcement of the creation of Emirates Global Aluminium (EGA), which will become the world's fifth largest aluminium company through integrating the businesses of DUBAL and Emirates Aluminium (EMAL).

The GAC acquisition also underscores EGA's plans for significant local and international expansion.

The Mubadala Development Company was established and owned by the Government of Abu Dhabi, the company's strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi, and that contribute to the growth and diversification of its economy.

Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information communications & technology, healthcare, real estate & infrastructure, and services. Amongst its metals interests, Mubadala owns 50% of Emirates Aluminium (EMAL) at Al Taweelah, Abu Dhabi.

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