Report: RUSAL, Nigeria settle dispute over Alscon plant - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: RUSAL, Nigeria settle dispute over Alscon plant

MOSCOW, Feb 1 (PRIME) -- Russian aluminum producer UC RUSAL has settled a dispute over the Alscon plant with Nigeria, Bloomberg reported late Wednesday, citing Nigeria’s Steel and Mining Minister Kayode Fayemi.

Nigeria will have a 20% stake in the plant and RUSAL will have 80%, Bloomberg reported. The share of RUSAL in the operating company is 85%, according to information provided by RUSAL.

Alscon will resume operations in eight months under an agreement between the parties.

RUSAL acquired a controlling stake in Alscon in 2007. The plant has a capacity of 96,000 tonnes of aluminum a year, Alscon also has a port and a power plant running on gas.

End

01.02.2018 08:31
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 69.6341 -0.1746 23 feb
USD 56.7608 +0.1071 23 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1294.56 +0.26 17:38 22 feb
micex 2325.88 +0.24 17:38 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 144.58 +0.40 17:13 22 feb
lkoh 3813.50 +0.13 17:14 22 feb
rosn 335.05 +0.46 17:13 22 feb
sber 277.12 -0.74 17:14 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 69.7325 -0.0175 14:59 22 feb
USDTD 56.6100 +0.0150 17:01 22 feb