Deripaska is buying up Jamaica
Russian Aluminum JSC has expressed interest in purchasing a 65% stake in the Jamaican company Alpart, which owns a bauxite mine and processing plant on the island, Monitor reports . Currently, 65% of Alpart shares belong to the bankrupt Kaiser Aluminum, which previously agreed in principle to sell the Jamaica-based company to the Swiss trader Glencore for at least $160 million. In addition, another Alpart shareholder, the Norwegian company ASA Norsk Hydro, has the right to purchase the share.