In RUSAL has ten days to appeal the court's decision, which invalidated the act of transferring the ownership of company shares bauxite and alumina complex Phrygia, which was signed three years ago with the Guinean authorities.
The Guinea claim that it might be to seek a new partner for the project Phrygia. The Guinean side, in particular, considers inadequate price for which it was acquired by the enterprise.
a communication from representatives of the Guinean government on bauxiteand alumina complex RUSAL in Fria in the company stated that the complex purchased in full compliance with Guinean law, and regard him as their lawful property. Currently the company has not received a formal decision of the court. Further action will be determined in accordance with applicable law after its receipt, according to OK Content Rusal.
In 2006, RUSAL and the Government of the Republic of Guinea have reached an agreement on the privatization of state bauxite and alumina complex Alumina Company of Guinea /Friguia (ACG /Friguia) in Fria, the press center of Rusal. Under the agreements, the ownership of RUSAL were to move the assets of state enterprises Friguia SÐ and managing their company Alumina Company of Guinea Limited. In accordance with a decree signed by the President of Guinea, the privatization of state-bauxite-alumina complex ACG /Friguia will be realized through the sale of RUSAL 100% stake in state-owned Friguia SA and owned by the Government of the Republic 15% stake in Alumina Company of Guinea Limited. Under the agreement with the Government of Guinea, Rusal planned to increase production company ACG /Friguia almost doubled. Siloviki help get rid of Yulia Tymoshenko loyal to President natsbankovtsev …
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