Aughinish Alumina to Pay Upfront for Limerick Plant Closure Costs
Aughinish Alumina must now secure nearly all of the €31 million required for its eventual closure and environmental cleanup in Co. Limerick. A new agreement with the Environmental Protection Agency (EPA) replaces previous reliance on a €14 million guarantee from Russian owner Rusal with upfront funds and performance bonds to mitigate risks from potential sanctions. … Read more