How will Global Alumina fund its share of capital required to build Guinea Alumina’s first alumina refinery?
Global Alumina will use the proceeds from the sale of two-thirds interests in Guinea Alumina to fund its future, one-third capital requirements for Guinea Alumina. Global Alumina structured the two-thirds sale so it would retain joint control over Guinea Alumina and realize sufficient proceeds to fund its share of Guinea Alumina’s then estimated $1 billion in continuing capital requirements without having to raise additional capital. If additional capital is required, Global Alumina would make every effort to minimize potential dilution to its shareholders.
