Kerneos acquires 54% stake in Greek bauxite miner Elmin

摘要

French calcium aluminates producer Kerneos has acquired a majority stake in Greek bauxite producer Hellenic Mining Enterprises SA (Elmin), in a deal that will provide Kerneos with a stable, long-term supply of monohydrate bauxite, used in the production of calcium aluminate grades for chemicals, cement, refractories and a host of other markets.The agreement, closed on 30 April 2012 for an undisclosed sum, gives Kerneos a 54% stake in the Greek bauxite group, and follows a 10-year partnership between the two companies.