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Report On Russian Interference In Elections Raises Questions About KY Project
By: Sydney Boles | Ohio Valley ReSource
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ASHLAND, Ky. (OVR) — A new report from the U.S. Senate Intelligence Committee about Russian interference in U.S. elections raises new questions about a struggling eastern Kentucky development project with ties to both Senator Mitch McConnell and the Russian government. The 966-page document, the result of a years-long bipartisan investigation by the Senate Intelligence Committee,… Read More
AK Steel has Final Production Run at Kentucky Plant
By: Associated Press
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ASHLAND, Ky. (AP) – AK Steel has produced its last coil at a century-old plant in eastern Kentucky that was mostly idled more than three years ago. News outlets report the final production run at the Ashland Works plant occurred on Monday and was emotional for employees, as some have worked there for decades. The… Read More
Braidy Industries Attracts Kentucky Backers in Mill Project
By: Associated Press
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ASHLAND, Ky. (AP) — Braidy Industries says hundreds of Kentuckians have become shareholders as the company lines up financing for a $1.7 billion aluminum mill in eastern Kentucky. The company says it recently completed the “crowdfunding” portion of its common stock offering, which was capped at just over $1 million worth of shares. Braidy CEO… Read More
Kentucky Aluminum Plant Investor Is Russian Company Formerly Under U.S. Sanctions
By: Sydney Boles | Ohio Valley ReSource
Posted on:
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