News | Latest Breaking News Stories & Headlines

Russian aluminium giant Rusal swings to first-half loss

Rusal has today reported a first-half net loss, as rising costs, higher interest expenses and foreign exchange fluctuations weighed on the Russian aluminium producer's earnings.

Business • 15 Aug

Government working 'very closely' with Aughinish Alumina

Minister for Enterprise Peter Burke has said the Government is working "very closely" with Aughinish Alumina in Limerick over a decision to suspend the company from an energy market.

Business • 24 Jul

The bauxite residue disposal area at Aughinish Alumina

Approval given for expanded residue area at Aughinish

An Bord Pleanála has given the largest alumina refinery in Europe on the Shannon estuary the green light for contentious plans to expand its bauxite residue disposal area (BRDA) to allow the refinery to continue to operate until 2039.

Business • 06 Sep 22

Oleg Deripaska is the founder of Rusal, the parent company of Aughinish

Aughinish shareholder Deripaska sanctioned by EU

The European Union has agreed to freeze the assets in the EU of the boss of Russia's top lender Sberbank, Vladimir Putin's two daughters and more oligarchs, according to a document published in the EU's official journal today.

Business • 08 Apr 22

Oleg Deripaska is a shareholder in the company that owns the Aughinish Alumina aluminium plant in Co Limerick

Sanctions on Aughinish Alumina shareholder Deripaska

The Department of Enterprise, Trade and Employment has said there are currently no indications of any impact on jobs in the Limerick-based Aughinish Alumina plant as a result of sanctions being imposed on Russian billionaire Oleg Derispaska.

Business • 10 Mar 22

Oleg Deripaska has close ties with Russian President Vladimir Putin

Russian sues US over sanctions on companies

Russian tycoon Oleg Deripaska is suing the United States, alleging that it had overstepped its legal bounds in sanctioning his companies.

Business • 15 Mar 19

US Senate Minority Leader Chuck Schumer described the lifting of the sanctions as a sham

US Senate vote on Aughinish Alumina sanctions fails

Democrats have failed to secure enough votes in the US Senate to block the lifting of sanctions affecting the Aughinish Alumina plant in Co Limerick.

Ireland • 16 Jan 19

The sanctions targeted Russian oligarch Oleg Deripaska personally, as well as his companies

Plan to ease Aughinish Alumina sanctions criticised

The US Treasury Department is to be asked to delay lifting sanctions on the parent company of Aughinish Alumina in Co Limerick.

Ireland • 15 Jan 19

Paschal Donohoe met with Steven Mnuchin this evening

Donohoe raises future of Limerick plant with Mnuchin

Minister for Finance Paschal Donohoe has met with the US Secretary of the Treasury Steven Mnuchin in Washington, and said he raised concerns about the future of the Aughinish Alumina plant in Limerick.

Brexit • 11 Dec 18

Rusal's Q1 earnings jump, but warns on sanctions impact

Russian aluminium giant Rusal today reported higher first-quarter recurring net profit amid stronger aluminium prices, but warned that sanctions imposed by the US in April could harm its business.

Business • 11 May 18

Rusal to change board to persuade US to lift sanctions

Russia's Rusal will overhaul its board and management in the hope the US will remove the aluminium firm from a sanctions list so it can restart shipments to its customers around the world, two sources told Reuters.

Business • 27 Apr 18

Aughinish Alumina