The management of UC Rusal, the core investors in the Aluminium Smelter Company of Nigeria (ALSCON) last Tuesday said its doors remained open to the Bureau of Public Enterprises (BPE).

The Director of Public Relations at UC Rusal, Dr Albert Dyabin, stated this last Tuesday in an interview with newsmen in Eket, Akwa Ibom.

The Supreme Court had on July 7, ruled that BFI Group, the Nigerian-American Consortium that emerged the preferred bidder for ALSCON in 2004, but was disqualified in controversial circumstances by the BPE, was the valid winner of the bid.

The judgment had stripped UC Rusal, a Russian Aluminium group that took over the plant in 2006 with a bid of $250 million, of the asset.

It will also be recalled that a scheduled inspection by BPE, BFIG officials to ascertain the state of the plant between November 21 and November 23, was declined by UC Rusal over the inclusion of representatives of BFIG group in the team.

The Tide gathered on Tuesday, however, that the company had reservations on the visit because the delegation included BFIG officials.

Dyabin said that the “Bureau of Public Enterprises, representing the Federal Government, is the co-owner of the ALSCON.

“A delegation from BPE can visit the plant at any time and is at liberty to visit privatised companies, including ALSCON.

“Taking into account that this time a delegation included some people, who were not BPE officials, we kindly requested their names and purposes of visit.

“At the end of the day the planned visit was adjourned because the parties, ALSCON and BPE agreed that the agenda of visit must be further clarified in details.

‘RUSAL‘ wishes to confirm that RUSAL is the legal owner of ALSCON. RUSAL’s legal ownership of the plant’s shares has not been affected by any litigation.

“No member of the RUSAL group is or has been a respondent in any case affecting the ownership of ALSCON.

“RUSAL is, however, fully prepared to defend its rights to the smelter company, including in legal proceedings,” Dyabin said.