SUAL, Fleming Family & Partners and Access Industries have signed an agreement on the founding of a unified international industrial group. Fleming Family & Partners will hold 23% of the shares in the new company, the managing director of the British company told reporters. The company to be founded will comprise facilities for aluminum and alumina production, as well as companies dealing with mining and production of ferronickel, tantalum and coal.
According to SUAL CEO Viktor Vekselberg, "the structural formation of the new company, which will be called SUAL International, will be finished in six months, and the shares to belong to the shareholders in the future company will be determined; however, it is already possible to say that SUAL will be the main shareholder in the company." One of the strategic goals of the new company is to buy new deposits of mineral resources and companies in the territory of the former USSR, Vekselberg pointed out.
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year