Russia United Aluminum will mine the world's largest bauxite mine

Russia Union Aluminum Corporation recently signed an annex with the Republic of Guinea on the world's largest bauxite “Dian Dian” mineral rights agreement, confirming the russia’s plan to mine this bauxite mine. According to the annex, RUSAL's mining project will be implemented in four phases: 1. Build 3 million tons of bauxite annually before the end of 2015; 2. Increase the amount of bauxite mining to 6 million tons/year before the end of 2019; 3. To build an annual output of 1.2 million tons of alumina plant by the end of 2019; 4. To build an annual output of 2.4 million tons of alumina plant by the end of 2021 in accordance with changes in the global economic situation and company needs, and to increase the amount of bauxite mining to 12 million. Tons/year.