-Global Alumina Corporation reports nine months ended September 2012 financial results.
International Resource News-November 14, 2012--Global Alumina Corporation reports nine months ended September 2012 financial results(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 14 November 2012
Global Alumina Corporation (TSX: GLA.U), a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea, has reported its financial results for the nine months ended September 2012.
The company reported net loss of USD98,826,992 in the first nine months of 2012, against a net loss of USD25,716,539 in the same period in 2011.
During the first nine months of 2012, the firm reported unrestricted cash of USD3.4m and escrowed cash totalling USD3.3m in its escrow account to fund future Project capital calls.
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