Goldman cancels Iranian aluminum warrants
Jun 01, 2012 | 08:32 AM
|
LONDON — Goldman Sachs Group Inc. has canceled warrants for material from Iranian Aluminium Co. (Iralco) using a special U.S. government exemption, sources in the aluminum market told AMM sister publication Metal Bulletin.
Goldman Sachs declined to comment, but sources said Goldman has an exemption from the U.S. government that enables it to overstep prohibitions in place on U.S. companies dealing with Iran and handle the material.
"Goldman Sachs canceled a large volume of Iralco material in Pacorini’s warehouses in Johor," a source at a brokerage said. "They’re due to take delivery in a couple of months." ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here