Bosnia’s ailing Aluminij shuts down operations

Bosnia’s heavily-indebted aluminium producer Aluminij Mostar shut down operations early on July 10 after recent bail-out talks between the government of the Federation of Bosnia and Herzegovina and potential investors failed, local media has reported. The power supply to Aluminij was cut off at midnight on July 9 due to unpaid electricity bills, forcing the company’s director Drazen Pandza to order the start of the shutdown process. “All directors and managers are obliged to immediately instruct the workers in accordance with the needs of the shutdown procedure, in order to prevent any irreparable damage to human health and the company’s…