Metallurgie News

Bosnia‘s Aluminij Mostar smelter closes operation over huge

Bosnia’s only opearting aluminium smelter and one of the country’s biggest exporters Aluminij Mostar finally closed down its operations on July 9/10 midnight after it was disconnected from the power grid. The smelter was under a huge debt of 380 mill. Bosnian marka (US$ 218 mill.) because of higher electricity and alumina costs. The smelter owed 280 mill. marka to the state power utility, EPHZHB, which stopped supplying power at a discounted price since June, agreed with the government last December.