EBRD – RUSSIAN BAUXITE
May 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is expected next month to rubber stamp plans to lend two Russian SUAL group companies US$75 million to expand production at a bauxite mine and begin work on developing a related alumina refinery and aluminium smelter.Its investment, which would be matched by a US$75 million loan from the World Bank's International Finance Corporation, would boost bauxite production at the Middle-Timan mine in Russia's Komi Republic from 1.5 million tonnes per year to six million by 2007. The EBRD money ...
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