Aughinish

Final Month Of U.S. Sanctions Weigh Down Rusal’s Q1 Results

Final Month Of U.S. Sanctions Weigh Down Rusal’s Q1 Results

Russian Federation aluminium giant U.C. Rusal reported first-quarter financial and production results yesterday. Though production and sales remained relatively steady in the quarter, financial numbers struggled due to a drop in prices at the LME and the tail end of sanctions placed...

Events

United States Government Extends Rusal Sanctions Deadline To December 12

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has granted another month’s reprieve to Russian Federation aluminium titan U.C. Rusal with its announcement on Friday that the expiration date of the company’s general licenses has been pushed back to December 12. According to OFAC, the extension embodied in General Licenses 13E, […]

Situation At Aughinish Alumina “Critical”: Irish Business Minister Humphreys

Ireland’s Minister for Business, Enterprise and Innovation Heather Humphreys characterized the tenuous situation at Aughinish Alumina as “critical” while in Washington, D.C. to meet with various officials of the Trump administration in an effort at resolving the situation between it and Aughinish’s parent company Rusal. Though she praised the decision made late last month to […]