OREANDA-NEWS. March 23, 2010. RUSAL (SEHK: 486), (Euronext: RUSAL/RUAL), the world’s largest aluminium and alumina producer, reports that Guinean appellate court ruled in the company’s favor on its appeal regarding the bauxite and alumina complex Friguia. 

The appellate court held that the Guinean courts lack jurisdiction over the case regarding the RUSAL’s asset in Guinea and therefore reversed the ruling issued by the Guinean lower court in September 2009. The RG may apply for cassation of the Court of Appeal’s decision within two months.

RUSAL views this decision as providing a favourable step toward expanding the long-term and mutually beneficial cooperation between RUSAL and the Republic of Guinea. RUSAL is committed to continuing its operations in Guinea as a long-term and good-faith investor and intends to strengthen its participation in the country’s economic and social development.