Tuesday, October 13, 2009

Guinea Seeks Nationalization and $1 billion from Rusal

The Guinean government that came into power after a 2006 coup is seeking the return of the privatized Friguia bauxite and alumina complex from Russia's Rusal, the world’s largest aluminum producer, as well as $1 billion in damages including underpaid taxes and royalties. The government claims that the terms of the arbitration were unfair. Rusal is contesting, in Paris arbitation and in Guinea, a recent Guinean court order reversing the privatization.

http://lenta.ru/news/2009/10/13/rusal/

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