Rusal Holds Talks With Guinea to Develop Bauxite Deposit

Bloomberg reports that aluminum producer United Co Rusal (HKG:0486) is in talks to develop mines in Guinea.

The market news is quoted as saying,

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.

For the complete market news, click here.