GLOBAL ALUMINA CORPORATION 
By
TORONTO, ON - October 31, 2011 - Global Alumina Corporation
(TSX: GLA.U) (the "Company" or "Global
Alumina"), 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 (the "Project"), announced today that the
joint venture board of directors approved additional Project
funding of $4.3 million for the period November 1, 2011
through November 30, 2011. Global Alumina will be responsible
for its one-third share of this amount. The joint venture
board had previously approved cumulative Project funding from
inception through October 2011 of $772.8 million of which
$761.4 million was incurred or prepaid through September 2011
and $748.9 million has been funded to date.
Global Alumina has approximately $27.8 million in cash, $21.1
million of which is in escrow available for Project
development and $6.7 million of which is unrestricted and
available for general corporate purposes. The Company also
has a $33.3 million subscription receivable due to the
Company on the completion of the Project debt financing.
Global Alumina is in a joint venture through its wholly owned
subsidiary, Global Alumina International, Ltd., with BHP
Billiton, Dubai Aluminium Company Limited and Mubadala
Development Company PJSC, to develop a 3.6 million metric
tons per annum steady state capacity alumina refinery in the
bauxite-rich region of the Republic of Guinea. Global Alumina
has offices in New York, London and Montreal. The Company's
registered office is in St. John, New Brunswick. For further
information visit the Company's website at www.globalalumina.com.
For further information, please contact:
Michael Cella
Global Alumina
212 351 0010 cella@globalalumina.com
Susan Borinelli
Breakstone Group
646 330 5907 sborinelli@breakstone-group.com
