Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
21 APRIL 2018 AL CIRCLE

Oldendorff to shut bauxite transshipment operations at Guyana

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

The United States unleashed sanctions against Russian aluminium giant Rusal on Friday April 6, 2018. Just in two weeks’ time, the sanctions have left around innumerable consequences, starting with Glencore and Rio Tinto’s decision to declare force majeure on Russian contracts followed by German-headquartered bauxite transshipment company Oldendorff Carriers to shut operations at Guyana.

{alcircleadd}

The company with 200 Guyanese employees has decided to shut the operations at Guyana as a consequence of US sanctions against Russian aluminium company Rusal, according to a report.

According to, Tradewindsnews report,  Oldendorff told the publication “it will fully comply with US sanctions and therefore will be winding up its business in Guyana in a timely manner.”

Raphael Trotman, minister of natural resources told Demerara Waves Online News that in this topsy-turvy situation, Rusal might have to hire another company to move bauxite from its Upper Berbice river operations eventually to international ocean-going bauxite ships.

“As I briefed Cabinet on Tuesday, I believe that we would have to look at a long-term solution because indeed I believe the relationship with Oldendorff-RUSAL will be affected in the long term so we are looking at some short-term measures,” he said, adding that government was being provided daily updates.

The minister also planned to meet the two unions, each representing Rusal and Oldendorff.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.