UAE's Mubadala signs US$5 billion deal with Guinea to develop aluminium industry
The alumina refinery in Guinea, which would be built by Mubadala, will become operational by 2022. (Image source: Wikimedia Commons)
Investment firm Mubadala has signed a US$5bn agreement with the government of Guinea to develop a bauxite mine and an alumina refinery in the country, which would help it secure raw material for its UAE aluminium plants