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CEO Ousted at Kentucky Aluminum Company Amid Questions About Controversial Funding
By: Sydney Boles | Ohio Valley ReSource
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A controversial economic development project in Ashland, Kentucky, hit a snag last week as aluminum company Braidy Industries ousted CEO and board chairman Craig Bouchard. In a statement, Braidy Industries’ interim CEO said he appreciated Bouchard’s hard work for the company. Bouchard says the firing was improper and is refusing to step down. The dueling… Read More
Company Says It Has 4 Months To Raise $300M For New Mill
By: Associated Press
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LOUISVILLE, Ky. (AP) — Braidy Industries says it has about four months to raise $300 million in equity capital for a proposed aluminum mill in Kentucky or risk losing a large investment. The Courier Journal reports Braidy provided the details in a U.S. Securities and Exchange Commission filing this week about its agreement with United Co. Rusal…. Read More
Congressional Leaders Seek Investigation Into Russian Investment In KY Aluminum Mill
By: Sydney Boles | Ohio Valley ReSource
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A group of Congressional leaders asked the Trump administration to review a Russian company’s investment in a new Kentucky aluminum mill. The request comes from eight prominent Democratic lawmakers with leadership roles in committees with oversight, banking and national security responsibilities, including Ohio Sen.Sherrod Brown and House Intelligence Committee Chair Rep. Adam Schiff. The lawmakers… Read More
Kentucky Aluminum Plant Investor Is Russian Company Formerly Under U.S. Sanctions
By: Sydney Boles | Ohio Valley ReSource
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Russian aluminum company Rusal announced Monday it plans to invest in a new Kentucky aluminum mill to be built near Ashland in eastern Kentucky. The $200 million investment in Braidy Industries is Rusal’s first U.S. project since the Trump administration lifted U.S. sanctions placed against the company. Rusal had been sanctioned by the U.S. government because its major controller, Russian… Read More
Aluminum Can-Do: Region’s Last Large Aluminum Maker Bets Big On Trump Tariffs
By: Becca Schimmel | Ohio Valley ReSource
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With sunglasses perched atop his camouflage cap, Brady Carwile filled out an application at a job fair in a community center in Elizabethtown, Kentucky. Carwile works at a local auto parts maker but he’s hoping for a maintenance position at Century Aluminum’s Hawesville Smelter. “It’s one of the best jobs you can find around there,”… Read More