Dubal, Vale to build alumina refinery

Dubai Aluminium Co. Ltd (Dubal) has commenced a deal with Vale to establish a greenfield alumina refinery located in Brazil''s northern State of Par? The contract seeks to secure the raw materials necessary to drive Dubal''s future growth strategy, according to reports. Dubal will have a 19% equity stake in Companhia de Alumina do Par?(Cap), the joint venture firm, while Vale will take 61% and Hydro Aluminium 20%. The deal has yet to be finalised upon the fulfilment of such customary conditions stated in the deal. Cap will be in charge for the management and operation of an alumina refinery in Barcarena. The first production capacity will be 1.86 million tones annually of alumina, with two lines, each with a capacity of 930,000 tonnes per year. The expected capacity expansions at the refinery have the possibility to achieve 7.4 million tonnes per year. The beginning of the first phase is due end of 2012.Air Jordan XIV 14 Shoes