Rusal ‘disagrees’ with Rio taking control of refiner Queensland Alumina
Rio's move effectively cuts Rusal's access to production and management at the refiner under an Australian ban against exporting alumina and aluminum ores.
Aluminij, based in Bosnia's southern town of Mostar and one of the Balkan country's biggest exporters, has been in trouble for years over heavy debt accumulated because of high alumina and electricity prices.
The metal touted for its environmental benefits, particularly in the manufacture of lighter cars and trucks, has a big problem with storing its toxic by-products.