RUSAL wins appeal in Friguia case in Guinean court
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 22.03.2010 |
RUSAL (SEHK: 486), (Euronext: RUSAL/RUAL), the world's largest aluminium and alumina producer, reports that Guinean appellate court ruled in the company's favor on its appeal regarding the bauxite and alumina complex Friguia.
The appellate court held that the Guinean courts lack jurisdiction over the case regarding the RUSAL's asset in Guinea and therefore reversed the ruling issued by the Guinean lower court in September 2009.
The RG may apply for cassation of the Court of Appeal's decision within two months. RUSAL views this decision as providing a favourable step toward expanding the long-term and mutually beneficial cooperation between RUSAL and the Republic of Guinea. RUSAL is committed to continuing its operations in Guinea as a long-term and good-faith investor and intends to strengthen its participation in the country's economic and social development.
About RUSAL
RUSAL (www.rusal.com) is the world's largest producer of aluminium, in 2008 accounting forapproximately 11% and 13% of global production of aluminium and alumina, respectively. RUSAL employs more than 75,000 people in 19 countries, across 5 continents. RUSAL markets and sells its products primarily in the European, Japanese, Korean, South East Asian and North American markets. RUSAL's ordinary shares are listed on The Stock Exchange of Hong Kong Limited (Stock code: 486) and global depositary shares representing RUSAL's ordinary shares are listed on the professional compartment of Euronext Paris (RUSAL for Reg S GDSs and RUAL for Rule 144A GDSs).
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