VOL. XXXII

NO. 46

21-AUGUST-1989

SAUDI ARABIA

Alumix of Italy Signs Letter of Intent for Saudi Smelter

Alujain Corporation Saudi Arabia has awarded Alumix of Italy's Efim Group aletter of intent to design and build Alujain's projected 220,000 ton/yearaluminium smelter which is to be built at Yanbu' at an estimated cost of $900mn.Alumix is planning to acquire a 10% stake in the smelter as soon as Alujain,which is coordinating the project, agrees with its local and foreign partners ontheir...