Wednesday November 25, 2020

Europe’s mining megaliths eye up Aughinish Alumina as US sanction threat hits home

Russian billionaire under pressure to sell vital Limerick metal plant as market panics

Ian Guider

Markets Editor

@ianguider

Michael Brennan

Political Editor

@obraonain
29th April, 2018
The Aughinish Alumina plant is the biggest alumina refinery in the Rusal system Picture: Liam Burke Press 22

Mining giants across Europe are interested in acquiring the Aughinish Alumina site in Limerick if it comes up for sale. The news comes as pressure builds on the plant’s billionaire owner, Oleg Deripaska, to offload parts of his empire.

It is understood that such is the importance of Aughinish that major commodity buyers and producers have been privately talking about acquiring it, even as the immediate threat of severing their links with its...

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