(Jamaica Observer) Russia’s UC Rusal has linked its planned re-opening of the Kikvine alumina plant in Manchester to being allowed to purchase the Jamaica government’s 45 per cent stake in the Jamalco refinery in Naine, Clarendon, industry sources in London and Moscow have told the Financial Gleaner.
“At present, ostensibly the Jamaican Government is negotiating with the commodity traders, Glencore, for their acquisition of the equity Jamaica holds in Jamalco through its vehicle, Clarendon Alumina Production (CAP),” according to a UK source conversant with the talks.
“However, Glencore has a stake (around eight per cent) in Rusal and apparently