28 JULY 2016AlCircle.com
Increase in mining volumes in Timan and North Urals drives RUSAL's Q2 bauxite output up 3.9%
Edited by : Dipanwita Gupta
1 min read
<p>In the second quarter 2016, UC RUSAL reported a 3.9 per cent quarter-on-quarter rise in bauxite output, totalling at 3,126 thousand tons driven largely by an increase in mining volumes at the Timan and North Urals mines. <br /><br />Bauxite output from the company's Guyana mining site declined by 23.4 per cent Q-o-Q to 244 thousand tons largely due to seasonal factors (rainy season). Nepheline ore production at Kiya Shaltyr in 2Q16 increased further by 8.8 per cent Q-o-Q to 1,208 thousand tons. This increase boosted ore stock levels ahead of the winter season at the Achinsk refinery.<br /><br /><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/RUSAL%20bauxite%20results.jpg" alt="News" width="426" height="492" /><br /><br />In H1 2016, RUSAL's bauxite output totalled 6,135 thousand tons up 2.7 per cent YoY. <br /><br />According to the company's quarterly report, the realized price includes three components: LME component, commodity premium and VAP upcharge.</p>
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