GLENCORE ALUMINIUM SUBSIDIARY REFUSED PROTECTION FROM EU AID ORDER
August 1st, 2006
BY KEITH NUTHALL
A BID by a Glencore aluminium subsidiary to shelve a European Commission order it repay an Irish government excise duty exemption on heavy fuel oils has been rejected by the European Court of Justice's (ECJ) Court of First Instance. Its president Bo Vesterdorf dismissed claims from Aughinish Alumina Ltd that the Commission's demand might force its closure, despite being owned by metals giant Glencore. Aughinish, which runs an alumina refinery on Ireland's River Shannon estuary, claimed Brussels' demand it repay some excise duty saved during 2002 ...
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