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10.07.2019

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.

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