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28 JULY 2016 AL CIRCLE

Increase in mining volumes in Timan and North Urals drives RUSAL's Q2 bauxite output up 3.9%

EDITED BY : DIPANWITA GUPTA 1MINS READ

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.

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.

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In H1 2016, RUSAL's bauxite output totalled 6,135 thousand tons up 2.7 per cent YoY.

According to the company's quarterly report, the realized price includes three components: LME component, commodity premium and VAP upcharge.


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EDITED BY : DIPANWITA GUPTA 1MINS READ

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