RusAl cleared to buy 20% of Queensland alumina

RusAl cleared to buy 20% of Queensland alumina


Australia’s Foreign Investment Review Board approved Russian aluminium giant RusAl’s USD 401 million purchase of 20 percent of Queensland Alumina Ltd (QAL), the world’s biggest alumina refinery, RusAl said last week. The Russian group won an auction for the 20 percent of QAL in October last year. RusAl bid USD 401 million for stock in QAL, formerly owned by the bankrupt Kaiser Aluminium, and to assume debts totalling roughly USD 60 million. Kaiser will transfer existing alumina contracts and oth...


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