The Russian-owned Aughinish Alumina plant in Co Limerick employs close to 500 peopleAughinish Alumina, the Russia-owned company that operates a major metal smelting firm in Limerick made a $167m (€153m) loss last year, newly filed accounts for the business show. The company is owned by Russian aluminium group Rusal – one of the world’s biggest producers of the ­metal. The accounts for Limerick Alumina Refining show that it posted the huge loss last year despite revenue rising to $853.5m from $784.5m. The Dian-Dian bauxite reserve in Guinea is the largest bauxite reserve in the world and is owned by Rusal. In a letter to the European Commission earlier this year, Aughinish Alumina stated that the “European aluminium industry is in crisis”.

Source: Irish Independent November 20, 2023 03:01 UTC