RusAl gain $275 mln in court from Tajik “Talko”
Edited by Rhod Mackenzie / 2013-10-21 05:43:42
Metals and mining RUSAL Russia Tajikistan Russia Metals and Mining Tajikistan Metals and Mining Aluminium
The Swiss Arbitration Court ruled that the Tajik aluminium plant (Talko) is to pay out $275 million to Hamer Investing Ltd, UC RusAl’s subsidiary, for the incurred loses, inclusive all legal costs, is said in a statement of UC RusAl.
The payments include $112.7 million (the cost of alumina and other raw materials, supplied by Hamer Investing to Talko on partnership basis in 2003), loss of opportunity (shortfall in profits) at $147 million and legal costs at about $14.56 million.
