HomeCentral AfricaRussian giant looks at Africa

Russian giant looks at Africa

Interior shot at the
Mozal aluminium smelter
in Mozambique
London, England — MININGREVIEW.COM — 06 May 2008 – The Russian aluminium giant United Co. Rusal plans to expand its operations in Africa, in the wake of reviving a smelter in Nigeria, reports Bloomberg News.

The news agency quotes the Financial Times (FT) citing an interview with Rusal director of corporate strategy Artem Volynets. He is reported to have told the FT that Rusal was seeking sites for additional smelters, and places to mine bauxite, the principal ore used to make aluminium.

Volynet is quoted as saying that Rusal was looking at Libya as a potential site for its next African smelter, although he would consider other African countries. He said he would welcome further cooperation with Chinese companies seeking a growing share of Africa’s resources, according to the FT.

Currently Rusal is investing US$300 million (R2.3 billion) to modernise a gas-powered smelter in Nigeria, the newspaper said, and is also expanding its mining and refining operations in Guinea.