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Ghana receives offer for VALCO stake
August 19, 2008: Ghana has received offers in excess of $ 200 million for a partnership role in the 200,000 tpa VALCO aluminum smelter. Ghana bought the final 10% of VALCO from Alcoa in June 2008 for $2 million, having previously paid Kaiser Aluminum $18 million for its 90% share in the smelter.
The announcement follows the approval by parliament of a $900 million bid by Britain's Vodafone Group for a majority stake in Ghana Telecom. Ghana plans to re launch the industry with a new mine and alumina refinery with the aim of mining, refining and processing bauxite in country.
Source: Steelguru.com