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 has announced the launch of a potroom control system as part of its production efficiency improvement plan at some of its Siberian smelters. The system will use advanced scientific and methodological approaches based on a process of forecast analytics known as ‘BigData’. The project will...
RUSAL has announced that three of its major production sites, including a mine, alumina refinery and aluminium smelter, have received Aluminium Stewardship Initiative (ASI) certification. The company’s headquarters and three production sites – JSC «Boksit Timana» (bauxite mining), RUSAL...
According to Reuters, Rusal plans to issue a Chinese yuan-denominated bond, called a Panda bond and a rouble bond in order to raise fund for a new smelter. The world’s largest aluminium producer outside China was barred from borrowing during the sanctioned period. Now that the sanctions are lifted...
Rusal said in a press interview that discussions over Rusal investing in Braidy’s aluminium rolling mill at Kentucky happened much before the imposition of the U.S. sanctions on its group of companies. Rusal announced its plan to invest as much as US$200mn in the Kentucky plant after the sanctions...
Russian Economic Development Minister Maxim Oreshkin does not see Russia’s dispute with the United States on aluminium and steel duties imposed by Washington to be settled by December 2019. In June 2018, Russia filed a lawsuit with the WTO to challenge extra tariffs on steel and aluminium by the...
Rusal, one of the largest aluminium producers in the world has signed a cooperation agreement with Russian Railways (RZD) at the St. Petersburg International Economic Forum for the rail transportation of agreed cargo volumes from Rusal. RZD is one of the three largest transport companies in the...
Reacting to the request of investigation by Rusal on its rolling mill, Braidy Industries says Rusal’s investment on the mill is not something that could cause any national security concern and hence, an investigation of foreign investment is not applicable. A statement from Braidy Industries said...
En+ Group, the parent company of Rusal, which covers the energy and aluminium assets previously belonging to business tycoon Oleg Deripaska reported its first-quarter results on Friday, May 31. The group’s first-quarter net profit fell by 39% to US$409 million due to the U.S. sanctions on the group...
RUSAL has obtained a license to develop the Goryachegorsk nepheline mine in the Krasnoyarsk region, Russia. The mine will provide the main raw material for the Achinsk alumina refinery. According to the feasibility analysis, the mine has sufficient reserves to be in operation for next 60 years. The...
A group of Congressional leaders in the US have requested the Trump administration to review Rusal’s investment in the Braidy aluminium rolling mill. Eight prominent Democratic lawmakers with leadership roles in committees with oversight, banking and national security responsibilities, including...
Russian aluminium giant UC Rusal reportedly announced its first quarter results where it mentioned that revenue dropped 20.9 per cent to US$2,170 million from US$2,744 million in the same period last year. Net profit also decreased by 49.8 per cent to US$273 million, compared with US$544 million in...
RUSAL has announced its operating results for the first quarter 2019. Total alumina production stood at 1,932 thousand tonnes in 1Q19, up 2.1 per cent from 1,892 thousand tonnes in 1Q18. On-quarter-on-quarter comparison, production declined 1.3 per cent from 1,958 thousand tonnes in 4Q18. Russian...
Russian aluminium giant Rusal posted that its first-quarter sales of value added products (VAP) dropped 44 per cent from the contemporary period of the previous year and 22 per cent from the last quarter. Sanctions by the United States are held primarily responsible for this year-on-year and...
Charles Brian Hesse is the new head of Russian aluminium giant Rusal’s United States office, according to the latest report. Rusal has appointed Mr. Brian Hesse at a time when trying to strengthen its presence in North America. The news came when the firm said in a statement on Tuesday, April 30....
In the opinion of Russian oligarch Oleg Deripaska, his automaking company GAZ could be forced to close by the summer if the United States does not revome the sanctions. Perhaps, July 4 could be the last working day for the company, said Deripaska to journalists during an organised visit on Tuesday,...
RUSAL has announced through a press release that it has collaborated with Braidy Industries Inc. to construct an aluminium rolling mill in Ashland, Kentucky, USA in order to produce flat rolled aluminium products for the US automotive industry. Braidy announced its plan to build the aluminium...
The Russian aluminium giant Rusal has signed a memorandum of intent with Tiocomposite to start test production of sulphur polymer concrete using red mud in the Republic of Tatarstan, Russia. Further details of the location of the project and its economic and organizational conditions are expected...
US manufacturing rebounded more than expected in March as shown by an industry report released on Monday. The US dollar index rose on Monday as stronger-than-expected US manufacturing data offset sluggish retail sales. LME base metals closed mixed on Monday. LME aluminium dropped close to 1% and...
