Financial Times FT.com

Oligarch’s battle clouds an economy

By Neil MacDonald

Published: October 17 2008 03:35 | Last updated: October 17 2008 03:35

The towering smokestack of Aluminium Plant Podgorica is a Montenegrin landmark. The soil for kilometres around is tinged with red, white and black from the by-products of smelting done the old-fashioned way.

One way or another, the toxic smoke will soon stop billowing from the plant, known as KAP.

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