Global Alumina Products Corporation

Address:	335 Madison Avenue, 28th Floor New York, NY 10017 U.S.A.
Tel No.:	(212) 223-6750
Fax No.:	(212) 223-6749
Web Site:	www.globalalumina.com
Corporate Email:	info@globalalumina.com
Contact Person:	Joyce Wang
Position:	VP Corporate Planning & Investor Relations Officer

COMPANY DATA

Traded Market:	TSX-V
Traded Symbol:	GPC.U
Outstanding Shares:	102,709,623
Public Float:	78,799,623
52 Week High:	$ 3.00
52 Week Low:	$ 1.45
Present Price:	Click Here

INTRODUCTION

Global Alumina Products Corporation is a company that intends to use the vast bauxite resources of Guinea to produce alumina for sale to the global aluminum industry. Global Alumina is positioned to be one of the largest companies focused solely on alumina production and sales, and offers an opportunity for socially responsible investing in a country that holds over one-third of the world's bauxite resources. Global Alumina is headquartered in Saint John, New Brunswick with operations in Boke, Guinea and has administrative offices in New York, London, Montreal and Conakry, Guinea.

Global Alumina is focused, decisive and agile in a traditional industry made up of large, integrated corporations. The Company's assertive and responsive management style has permitted the acceleration of the refinery schedule and placed Global Alumina in an excellent position to take advantage of this niche market in the midst of strong demand.

PROJECT IN HAND

Global Alumina's main business is to participate in the development of the aluminum processing industry in Guinea. Global Alumina's major initiative is the development of a state-of-the-art alumina refinery adjacent to a bauxite mine in Sangaredi, Guinea and in Boke, Guinea.

Work Components

(1) Alumina Refinery

Through the Guinea Alumina Corporation, Global Alumina will develop, construct, own and operate an alumina refinery project in Boke, Guinea. The construction of the 2.8 million tonne per annum alumina refinery will begin the second quarter of 2005, and will take approximately four years to complete. This schedule includes 36 months to construct the first processing line and an additional 12 months for completion of the second processing line.

Global Alumina has retained The Hatch Group, one of the world's premier alumina refinery engineering companies. Hatch and Global Alumina's subsidiary, Aluminpro, are responsible for the design and engineering of the refinery.

(2) Port

The Port of Kamsar, located approximately 100 km from the refinery site, currently serves the import and export needs of existing mining operations within Guinea. Global Alumina's new port facilities will be located south of the existing port and facilitate the export of alumina as well as the delivery of coal, limestone, caustic soda and other supplies necessary to operate the refinery.

(3) Railway

The current railway system approximately 130 km from the existing mining operations in Boke to the Port of Kamsar and has the capacity to operate up to twelve trains per day.

(4) Power Plant

Energy requirements for the alumina refinery will be met by an electricity cogeneration plant designed on CFB boiler technology, which is suited for burning coal and/or petroleum coke. The flexibility of fuel sources enhances the energy security of the plant and allows the alumina refinery to take advantage of coal resources in South Africa and other supply basins.

(5) Town Infrastructure

The alumina refinery and related operations will greatly enhance the quality of life of local citizens, creating education and employment opportunities for approximately 1,000 employees and their families. The Global Alumina management team takes a strong interest in improving the overall well-being of the Guinean people, and recognizes this unique opportunity to improve both working and living conditions on a long term, sustainable basis. The town infrastructure will include housing, utility, social and recreational facilities to accommodate this new workforce, and this environment will focus on developing optimal conditions to foster motivated, educated and loyal employees.

OVERVIEW OF THE ALUMINUM & ALUMINA INDUSTRY

Aluminum is one of the most plentiful metals in the earth's crust and occurs naturally in the form of bauxite, an ore containing aluminum oxide or, as it is more commonly called alumina. Alumina is extracted from bauxite ore through a refining process, and refined alumina is the primary raw material used for aluminum smelting. As a general rule, it takes approximately two tonnes of alumina to produce one tonne of aluminum.

Aluminum's light weight, resistance to corrosion, high strength, and recyclability have made it an essential and often preferred material for modern economies. Aluminum is often used in place of other materials such as:

· Steel and plastics for automotive and building applications.
· Magnesium, titanium composites and plastics for aerospace and defense applications.
· Steel, plastics and glass for packaging applications.
· Wood and vinyl for building and construction applications.

DEMAND AND SUPPLY

Currently, alumina production worldwide is operating at close to full utilization capacity, and thus increased capacity can only be realized by either expanding the capacity of existing refineries (brownfields), or by building new refineries (greenfields).

Over the past three decades the majority of new alumina refining capacity has been realized through brownfield expansions. Industry forecasts estimate that over the next 10 to 15 years there will be up to fifteen million tonnes of new alumina refining capacity made available through brownfield expansions. Alone, these brownfield expansions would not be sufficient to satisfy worldwide alumina demand. Furthermore, the ability to continually expand existing refineries is limited due to bauxite availability, environmental considerations, infrastructure constraints and/or overall plant economics.

Therefore, new Greenfield projects are required in order to meet global needs, but Greenfield projects require a long time to implement because of the necessary studies and approvals required. Currently in 2004, there is only one Greenfield refinery being built, and clearly a need for additional Greenfield refining capacity.

MANAGEMENT

Global Alumina Products Corporation has a well management team with experience in different areas.

Bruce J. Wrobel, Chairman and Chief Executive Officer
In addition to his role as the Chairman and CEO of Global Alumina, Mr. Wrobel is the founder of Heralde Capital Corp., a New York-based venture capital and resource development company. Mr. Wrobel has more than 20 years of senior management experience in developing and leading large-scale infrastructure development projects, and has led several successful venture start-ups.

Bernard Cousineau, President and Chief Operating Officer
Mr. Cousineau has 30 years experience in the aluminum industry. Mr. Cousineau is also a Director of Aluminpro, a Global Alumina subsidiary of senior professionals with over 750 combined years of experience in the upstream aluminum industry. Prior to joining Aluminpro, he served as President and Chief Executive Officer of Alcan Jamaica, where he managed the integrated operations of two alumina refineries, two bauxites mines, rail, port and related infrastructure. Mr. Cousineau also worked for six years as plant manager of the Aughinish Alumina Refinery, a refinery that processes bauxite from the CBG mine in Guinea.

Michael J. Cella, Senior Vice President and Chief Financial Officer
Mr. Cella is Senior Vice President of Global Alumina and of Herakles Capital Corp., a New York-based venture capital and resource development company. He has over 20 years of project development and finance experience, holding senior management positions in both international banking and private development firms, and specializes in companies and projects within the mining, power, transportation and telecommunications sector.

Francis J. Donohue, Senior Vice President, Engineering and Construction
Mr. Donohue has 33 years of industrial engineering and construction management experience. Upon graduation from Villanova University's College of Civil Engineering, Mr. Donohue joined Catalytic, Inc. where he served in various project management roles in the Nuclear and Industrial divisions. From 1977 until 1992, Mr. Donohue served as project manager, Vice President of Operations and President for Sauer Industries and their subsidiary companies. During this time, Mr. Donohue was responsible for the profitability of all the projects undertaken by the company which included the first cogeneration plants developed by PSE, Enron, Falcon Seaboard, Tenaska, and others. In February 1992, Mr. Donohue joined Sithe Energies, Inc. as Senior Vice President, Engineering and Construction, where he assisted in the development and led the engineering and construction oversight of many domestic and international large-scale power-generating facilities, including Independence Station in Oswego, NY and San Roque hydroelectric project in the Philippines. From March 2000 to present, Mr. Donohue has been President of Power Professionals Ltd., an engineering and construction management consulting company providing services to several utilities such as Exelon and PSEG as well as independent power developers such as Sithe Energies, GNPower and Marubeni.

Ian Porteous, Senior Vice President and Chief Technology Officer
Mr. Porteous has 40 years of aluminum industry experience, including ten years as Alcan Inc.'s Vice President, Director of Technology, responsible for its global bauxite and alumina operations technology.

Graham Morrey, Senior Vice President, Strategic Planning
Mr. Morrey has over 35 years engineering experience mostly in preparation and implementation of major industrial and infrastructure projects. Prior to joining Global Alumina, he served as Managing Director of The Hatch Group Europe and Director of Hatch Kaiser light metal projects in Africa, Middle East and Europe. Mr. Morrey has directed work on Syanogorsk aluminum smelter expansion, Fria alumina refinery expansion, Global Alumina's greenfield alumina refinery and studies for the Komi smelter and refinery, the Alba smelter refinery expansion, Aughinish refinery, and smelters in Baharain, Qatar, Russia, Azerbaijan, Tadjikistan, Libya, Trinidad, Iceland, Mozambique and Malaysia, and refineries in Saudi Arabia and the UAE and Guinea, as well as expansion of bauxite facilities in Guinea.

Tony McCabe, Senior Vice President, Project Director of Global Alumina International Ltd.
Mr. McCabe has 23 years of alumina refinery engineering, operations and management experience. Prior to joining Global Alumina, he served as BHP Billiton alumina refinery's project manager, Aughinish refinery (Alcan/Billiton) special projects manager and Alcan Jamaica refinery maintenance engineer.

NEWS UPDATE

On November 11, 2004, Global Alumina Products Corporation announced plans to raise between US$25 and US$35 million through a private placement of between 10 million and 15 million of its common shares with RBC Capital Markets as agent on a best-efforts basis. Proceeds of the proposed private placement will be used to fund the next stage of development and construction of Global Alumina's 2.8 million tonne per annum alumina refinery in Conakry, Guinea.

On October 18, 2004, Global Alumina Products Corporation announced that the Republic of Guinea and Global Alumina signed an investment and concession agreement for the development and construction of a 2.8 million tonne per annum alumina refinery in Conakry, Guinea.

Highlights of the agreement include:

· An initial term of 99 years for the management and operation of the refinery, subject to renewal upon agreement of the parties;
· Exclusive mining concession with inferred bauxite resources greater than the refinery's expected requirements over the 99 year initial term for the refinery and its anticipated expansions. The mining concession has an initial term of 25 years with an automatic extension of 25 years, plus continuous 10 year renewals upon delivery by Global Alumina of a maintenance plan;
· Access to, and use of, existing infrastructure, including railway and port, and the right to upgrade infrastructure;
· Multi-year tax holiday and import duty and customs relief;
· Well-defined royalty to the Republic of Guinea;
· All land necessary for the implementation of the project will be made available by the Republic of Guinea at no cost to Global Alumina;
· The Republic of Guinea guarantees the right to exchange and transfer currency.