(Reuters) - Established in 1992, the joint venture involves development of a new bauxite mine and alumina refinery in the Indian state of Orissa.
"We have carefully weighed the opportunity and risk presented by the Utkal project and, given constraints within the governance structure that limit Alcan's ability to participate in key decisions, believe that we have acted in the best interests of all our stakeholders," Jacynthe Cote, president and chief executive of Alcan's bauxite and alumina unit, said in a statement.
Read more at Reuters.com Mergers News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment