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 they would negotiate by December 31 and that the Supervisory Board would direct it to the Government (Federation of BiH) ” said Tanja Jovanovic representing workers, Oslobodenje news portal reports.

“The only thing we know is that on December 31st, we will get dismissal decisions. Someone with a notice period will work until January 15th. Workers have neither the time nor the will or desire. I do not see that there is a will to resolve something. They send us to bureaus and out of our country, ” she said.

Earlier in October, Nermin Dzindic, Federal Minister of Energy said that the Government had not rejected any Chinese offer for “Aluminum” because there was no discussion at all about the offer.

He thus denied writing to some media outlets that the offer had been rejected.

Dzindic clarified that this was not an offer, but an analysis that had been passed to them over a hundred pages. We just talked and said that when we look at everything, we will take a position on it.  “It is not an offer of any kind, just an analysis. We cannot refuse anything until we see what it is all about,” Dzindic told Dnevni Avaz, adding that next week everything will be clearer when the documents are analyzed.

The Chinese-Israeli consortium submitted its bid for Mostar Aluminum on Friday and presented business plans to restart production to representatives of the FBiH Government and Mostar companies.

Due to the extensive material, the Government was not able to consider the offer of this consortium yesterday, and will do so at one of the next sessions.

Unofficially, Oslobodjenje newspapers learned from sources close to the Federal Government that the said consortium offered an investment of around 200 million euros, the construction of a special power plant for Aluminum as a long-term solution for electricity supply, the opening of a facility for working on finished aluminum products, and the return of all workers to their workplaces within a year. Supposedly, the offer also includes a proposal to subsidize a portion of the electricity price until the power plant is built.

It is expected that the Federal Government may consider the offer in the next few days, as well as the offer of the Arab company WAQT Trade LLC, which is expected to submit its offer soon. Now is the time for possible negotiations, and the move is on the Federal Government. It is hoped that the broken relations between SDA and HDZ BiH political partners on numerous other issues will not affect the course of the Aluminum negotiations, although it is clear that mutual political blackmail and linking of Mostar’s company solutions with other problems are possible,

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