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Hungary to end state control of MAL on June 30

Hungary will on June 30 end state control of MAL Magyar Alumínium Zrt (MAL), an aluminum plant that fatally flooded villages with toxic red sludge in west Hungary.

Zoltán Bakondi, the state commissioner who controls MAL's operations after the government took control of the firm last October, said the region is no longer threatened by significant ecological risks and MAL has successfully undergone a technological overhaul without losing its market position.

Asked whether Zoltán Bakonyi would stay on as MAL's chief executive, Bakondi said the plant’s owners will decide on that.

A spill of industrial waste at the alumina plant last October killed nine people, injured more than 120 and rendered thousands of homes uninhabitable.