Alcoa and the Government of the Republic of Ghana have signed a memorandum of understanding (MOU) to develop an integrated aluminum industry in Ghana that would include bauxite mining, alumina refining, aluminum production and rail transportation infrastructure upgrades. Alcoa will work with the government to conduct expedited feasibility studies that are expected to be completed in 2006, at which time both parties will negotiate definitive agreements on the mining, refining, smelting, rail upgrades and ownership structure, as well as total investment costs. "This agreement paves the way for a strong public-private partnership that can help solidify long-term sustainable growth in Ghana," said President Kufuor of Ghana. "Development of an integrated aluminum industry can become a springboard for more value-added manufacturing in Ghana, creating better, higher-paying jobs."

More information can be found at http://www.alcoa.com.