Rio Tinto takes full control of Queensland alumina refinery after Russian oligarchs sanctioned
by Ben Butler from World news | The Guardian on (#5XYVB)
Oleg Deripaska and Viktor Vekselberg hold stakes in the Gladstone based refiner, which has been under pressure to cut ties after Ukraine invasion
Rio Tinto has taken full control of an alumina refinery in which oligarchs Oleg Deripaska and Viktor Vekselberg hold stakes after the Australian government slapped sanctions on the pair and banned the export of bauxite products to Russia.
The oligarchs have an interest in Queensland Alumina Limited through shareholdings in En+ Group, a London-listed resources company which owns the second-largest aluminium producer in the world, Rusal.
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