TORONTO, July 29, 2011 -- /PRNewswire/ -- 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 that the joint venture board of directors approved additional Project funding of $6.5 million for the period August 1, 2011 through August 31, 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 July 2011 of $757.8 million of which $747.1 million was incurred or prepaid through June 2011 and $743.4 million has been funded to date.

Global Alumina has approximately $30.9 million in cash, $23.6 million of which is in escrow available for Project development and $7.3 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.