Aughinish Alumina to Set Aside €31M for Future Closure and Environmental Costs Under New EPA Agreement
[SMM Aluminum Express News] Aughinish Alumina, Europe’s largest alumina refinery, will be required to set aside nearly €31 million upfront to cover future closure, restoration, and environmental remediation costs under a new agreement with Ireland’s Environmental Protection Agency (EPA). The revised arrangement significantly reduces reliance on parent company guarantees from Russian-owned Rusal amid growing uncertainty over the refinery’s future and potential EU sanctions.