Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Orbite Technologies Inc EORBF

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Bullboard Posts
Comment by zeroxon Jan 14, 2013 6:52pm
353 Views
Post# 20837039

RE: RE: Orbite - Rusal -for the english speaking a

RE: RE: Orbite - Rusal -for the english speaking a

 

RUSAL, the world's leading producer of aluminum, signed December 31, an operating agreement of the Dian-Dian bauxite deposit with the Government of Guinea. The Board of Directors of the company has not yet officially approved this agreement.

Situated in the Boke region, 370 km northwest of Conakry, this deposit contains the largest reserves of bauxite in the world. RUSAL provides, by late 2015, the construction of a mine which will have production capacity of 3 million tons of bauxite per year.

The second phase of the project is expected to be completed in 2019. It includes the increase of production capacity to 6 million tonnes per year and the construction of a refinery that can produce 1.2 million tonnes of alumina a year.

Eventually, depending on the economic situation of the company, the production will be 12 million tonnes of bauxite per year and 2.4 million tons of alumina by Rusal.

RUSAL is already implemented in Guinea through its mine of Kindia (40% of its total production of bauxite) and its complex Friguia. This complex refinery was in 2012, strikes repeatedly, including Rusal theatre was used as a means of pressure to obtain the deposit of Dian-Dian.
Bullboard Posts