Leading Russian aluminium producer RUSAL is considering mothballing four alumina and bauxite facilities as the company faces combined annual losses of around USD 800 million. The move hints at the growing pressure on the economics of domestic raw-material production. RUSAL is also estimating losses...
Alumina exports from RUSAL’s Friguia refinery in Guinea have been halted after a train carrying the material derailed over the weekend, disrupting rail access to the plant and forcing production to slow, three sources told Reuters. The train, operated by Russian aluminium producer RUSAL RUAL.MM,...
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Rusal, one of the leading global aluminium producers, has signed a new five-year sustainability-linked pre-export finance facility for USD 1,085,000,000. The financed amount is increased from the initially announced USD 750 million because of Rusal’s commitment to low-carbon aluminium technologies...
United Company Rusal in its third-quarter result of 2019 reports a decline of 6.9 per cent in bauxite production from 4,242 thousand tonnes in Q2 2019 to 3,948 thousand tonnes. In the first nine months of the year, the company, as per the report, produced 12,021 thousand tonnes of bauxite, compared...
United Company Rusal has reportedly announced its third-quarter result, which reveals only a small quarterly rise in aluminium sales, pressured by a weak metal market. Compared to the second quarter 2019, Rusal’s aluminium sales in the third quarter ended on September 30 increased by 0.8 per cent...
RUSAL has demonstrated its commitment towards sustainability by processing and selling over 50% of the waste generated by its smelters in the last 10 years. Rusal processed about 10% of red and nepheline mud at the alumina refineries proving it to be leader in alumina mud processing among the...
Sen. Ron Wyden has questioned the relationship between the Kentucky aluminium mill and the previously sanctioned Russian aluminium company Rusal. He addressed a letter to Craig Bouchard, CEO of Braidy Industries and questioned whether Braidy Industries had established a relationship with Rusal...
The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) organized the 37th International Conference and Exhibition in Krasnoyarsk, Russia from 16 to 20 September 2019 in cooperation with 25th “Aluminium of Siberia” Conference within XI International Congress & Exhibition...
The most waited ‘mating season’ for aluminium industry starts as aluminium producers are starting the first round of autumn negotiations with the consumers around the world. Rusal, a leading aluminium producer has been looking forward to the season as this will be their first new negotiations after...
RUSAL, a leading global aluminium producer has announced its plan to enter into a new five-year USD 750 million Sustainability Linked Pre-Export Finance (PXF) facility. It is for the first time such a syndicated facility is arranged by international commercial banks in Russia. The proceeds of the...
A recent report shows the revenues of Aughinish Alumina refinery in 2018, ended on December 31, increased by 15 per cent over the year to stand at $757.1 million (€684 million) in spite of the US Treasury sanctions imposed on Aughinish’s parent company Rusal. During the time of the sanctions, the...
Russia has been trying to rekindle Soviet-era relationships with governments across the African continent and build new ties. While China is dominating as an economic power in the African continent spreading its investment in the mining and infrastructure sector, Russia is building up its own role...
Continued from Part I 6. Rusal In 2018, Rusal’s total alumina production stood at 7.7 million tonnes. Aughinish Alumina in Ireland and Ukraine’s Nikolaev Alumina Refinery are two of its largest refineries. Russian production that comprise Bogoslovsk, Achinsk and Urals refinery, contributed 2.8...
RUSAL has announced the interim results for the six months ended 30 June 2019 and second quarter and reported a 5.2% decline in total revenue to US$4,736 million from US$4,997 million for the same period of 2018. The decline is attributed to falling LME price which fell by 17.3% to US$1,826 per...
According to a company statement, Russian alumina and aluminium producer Rusal suspended operations at its Achinsk alumina refinery on Monday and evacuated all but essential staff after a fire broke out a nearby Russian military base. The RIA news agency reported about the fire and the evacuation....
The Bogolsovsk Cable Factory (BCF), a Joint Venture between RUSAL and the ELKA-Cable Company, has started production of cabling and wiring products with an aluminium alloy core. The factory will produce three types of wire and cable, including oil submersible cables, self-supporting insulated wires...
RUSAL reported a 0.7 per cent quarter-on-quarter decline in alumina production in the second quarter of 2019. Alumina production dropped from 1.93 million tonnes to 1.91 million tonnes. Russian operations accounted for 36 per cent of the total output. Total alumina production stood at 3.85 million...
RUSAL, a leading global aluminium producer, announced its operating results for the second quarter of 2019. The company reported aluminium production of 938,000 tonnes in Q2, up 1 per cent quarter-on-quarter. Siberian smelters accounted for 93 per cent of total aluminium output. In the first half...
According to a regulatory filing on Monday, Braidy Industries still lacks about US$300 million in private investment to fund construction of its Kentucky aluminium rolling mill. The filing also says that half of Rusal’s US$200 million investment in the mill is dependent on Braidy’s ability to raise...
According to the Reuters report, Glecore is one of the companies that have shown interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden, and the Netherlands for up to $350 million. Rio had started the assets sale process in late 2018 with the help of French investment bank Natixis after...
