SARAJEVO, Oct 19 – A Bosnian regional government will help to keep aluminium smelter Aluminij Mostar running, a minister said on Friday, after heavy debt brought it to the brink of closure. Management ...
Aluminij Mostar, Bosnia’s sole aluminium smelter said on Wednesday it would halt production on July 6 unless the regional government helped the heavily-indebted and loss-making company stay afloat.
SARAJEVO (Reuters) - London-listed miner and commodity trader Glencore pulled out of talks on a possible takeover of Bosnia's ailing aluminium smelter Aluminij Mostar on Monday, increasing the risk of ...
SARAJEVO, July 26 (Reuters) - Bosnia's aluminium smelter, Aluminij Mostar, which has struggled to keep going due to high electricity costs, said it has secured an advantageous 100 megawatt (MW) power ...
MOSTAR, Bosnia (Reuters) - Bosnia's aluminium producer Aluminij has agreed deals worth a combined 250 million Bosnian marka ($141.2 million) with Swiss mining company Glencore Plc and steel group ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Too big to fail? Aluminij, Bosnia’s aluminium smelter, its biggest exporter and one of its biggest industrial ...
SARAJEVO, Oct 22 (Reuters) - Aluminij Mostar ALUM.SJ , Bosnia's sole aluminium smelter, clinched a deal on Tuesday to settle its debt to state-run power company EPHZHB JPEM.SJ and stave off closure.
The collapse of one the country’s few profitable manufacturing companies at the hands of an ethnic kleptocracy illustrates the dead end that has come to define Bosnia’s politicized economy. The ...
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