October 30, 2008
Oleg Deripaska – the Russian aluminium king, who is supposed to meet the latest British party finance scandalists in Corfu this summer – may shut down Aluminium Plant Podgorica, which gives a half of Montenegro’s export capacity. It’s not only his business.
Here is the story from the new Montenegrin Blogactiv blog. I believe in private property, and I have nothing to say if Mr Derpaska is closing down his own business if he looses money on it – those people who had sold the plan could have been more careful. I just do not like the fact when a sovereign state is so much dependent on a single person’s decision.
The story is that as world aluminium prices have plummeted, the plant can only make a profit if it gets subsidies electricity from the government. (Aluminium production is one of the most polluting businesses, and it is one of the most energy-intensive, too).Author : Dániel Antal