January 19, 2013
George Hohmann: Europe coverage unsettled
Page 2 of 2
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Mascia is splitting her time between Europe and here. She recently spent several months in Europe and returned with several business leads, Burdette said.

According to state Auditor Glen Gainer's online databases, Mascia was paid $56,328 last year plus $21,379 in reimbursed expenses.

Mascia was in the headlines in 2003 when it was revealed that she had an affair with then-Gov. Bob Wise. The revelation prompted Wise to bow out of the 2004 election.

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Last week, Rio Tinto, the big Australian-based mining company, announced that it would write down $10 billion to $11 billion of its aluminum assets. It can't be good news for those hoping for a re-start of Century Aluminum's Ravenswood smelter.

Fitch Ratings, an independent rating company, said the write-down "supports our view that weak pricing and net market surpluses are likely to continue for at least the next two years."

The charge "is not a surprise given the state of the aluminum market," Fitch said. "We estimate that between 30 and 50 percent of producers are failing to break even as high stock levels keep official prices in check and cheap electricity becomes scarcer."

Reach George Hohmann at busin...@dailymail.com or 304-348-4836.

 

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