Post Tagged with: "#smelter"

Reports show Hundred Thousands of Bosnian Marks spent by Directors of Aluminium Smelter

June 16, 2020 4:45 PM
Reports show Hundred Thousands of Bosnian Marks spent by Directors of Aluminium Smelter

  The management of “Aluminij”, a stumbled Mostar giant which, as things stand, is still threatened with bankruptcy, and owns a total of as much as 358.3 million marks, Avaz news portal reports. If we add to that the losses that amount to 300 million BAM in the last five […]

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10 million BAM lost every Month in Aluminium Smelter ‘Aluminij’, Director’s Salary 6,000 BAM

June 14, 2020 4:30 PM
10 million BAM lost every Month in Aluminium Smelter ‘Aluminij’, Director’s Salary 6,000 BAM

  Federal Financial Police submitted a report on the operations of the former Mostar giant and aluminium smelter “Aluminum” to the Government of the Federation, which refers to the period from January 1st, 2014 to July 10th, 2019. As Avaz news portal announced last week, the Financial Police of the […]

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Aluminium Selter’s Debt amounts 300 million BAM

April 20, 2020 4:45 PM
Aluminium Selter’s Debt amounts 300 million BAM

  Commenting on the statement by Isaac M. Tamir, Chairman of the T. T. Abraham Group, that Mostar’s Aluminum Debt does not apply to the new Aluminum Industries company, HZHB Elektroprivreda utility company stated that the payment of the electricity consumed debt is an integral part of Aluminum’s restructuring plan. […]

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M.T. Abraham Group and Aluminium Smelter Mostar sign Lease Agreement

April 8, 2020 2:00 PM
M.T. Abraham Group and Aluminium Smelter Mostar sign Lease Agreement

  M.T. Abraham Group, Aluminij Industries d.o.o. and Aluminij d.d. Mostar have signed a lease agreement, Fena news agency reports. The Abraham Group and its partners will begin implementing the strategic plan as set out in the agreement between the parties, all to ensure that Mostar based Aluminium Smalter start […]

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With Abraham Group Offer, bankrupt Aluminium Smelter would need up to Thousand Years to repay Debt

February 24, 2020 11:15 AM
With Abraham Group Offer, bankrupt Aluminium Smelter would need up to Thousand Years to repay Debt

      The Aluminum Shareholders Assembly will reject the offer of the Israeli-Chinese consortium of the Abraham Group to lease a part of the plant of the company, it was clear on Thursday when the Federation government stated that there are a number of ambiguities, technical errors and contentious […]

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Israeli-Chinese Consortium to lease Objects of former Giant Aluminium Smelter in Bosnia-Herzegovina?

January 5, 2020 2:15 PM
Israeli-Chinese Consortium to lease Objects of former Giant Aluminium Smelter in Bosnia-Herzegovina?

  The Aluminum administration handed over layoffs to 362 workers late last year, that is, to all the remaining workers of the former giant, whose negotiations with Israeli-Chinese consortium MT Abraham were the only hope for the eventual launch of production. The layoffs were handed over to all workers, but […]

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Aluminium Smelter did not accept Abraham Group’s Offer, all Workers will be fired

December 16, 2019 1:15 PM
Aluminium Smelter did not accept Abraham Group’s Offer, all Workers will be fired

  The Abraham Group’s offer was not accepted because there were some legal concerns about the way the lease was made, was explained to reporters outside the Aluminum plant where the Supervisory Board met. “They say they will continue negotiations. Aluminum workers don’t have that much time. They said that […]

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Five Hundred Workers of bankrupt Aluminium Smelter will be fired

September 4, 2019 5:00 PM
Five Hundred Workers of bankrupt Aluminium Smelter will be fired

A total of 70 workers of the bankrupt Aluminum smelter began receiving dismissals on Tuesday, which will eventually be received by some 500 employees of that once largest exporter from BiH, was confirmed to Federal News Agency by the president of the Aluminum Independent Employees Union, Romeo Bioksic. When it […]

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Croatian Government issues a Press Statement of Concern of possible Bankruptcy of Aluminij Smelter in Mostar

July 14, 2019 12:00 PM
Croatian Government issues a Press Statement of Concern of possible Bankruptcy of Aluminij Smelter in Mostar

The Croatian government, a minority stakeholder in the Mostar-based Aluminij smelting plant, has announced consultations with the company’s management and the government of Bosnia and Herzegovina’s Federation over the debt-ridden smelter and considers that it is necessary to thoroughly change its current business model to make the company successful. The […]

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