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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Talco, the company behind Tajikistan’s largest factory, is nearing a deal that would end an eight-year legal battle with the world’s largest aluminum maker, the company says. The state-owned Talco aluminum smelter is controlled directly by Tajikistan’s strongman President Emomali Rakhmon, whose...
UC RUSAL, a leading global aluminium producer, notes that official LME aluminium stocks fell below 4 million tonnes on 11 February for the first time since May 2009. RUSAL notes that LME aluminium stocks keep declining and maintain a steady decrease of around 7 thousand tonnes per day. This...
United Co. Rusal, the world’s largest aluminum producer, will keep 700,000 metric tons of output it idled in 2013 and 2014 permanently shut, helping to buoy prices of the metal. “We cut production to 3.6 million tons last year and we are not planning to reopen the mothballed capacity, regardless of...
UC RUSAL, a leading global aluminium producer, announces its operating results for the fourth quarter and full year 2014. Key highlights • Total aluminium production amounted to 3,601 thousand tonnes in FY14 (-7% YoY) and 915 thousand tonnes in 4Q14 (+1% QoQ). • Share of value-added products...
At a time when other commodities are slumping, aluminum is making a comeback as automakers under pressure to build more fuel-efficient cars increase their use of the lightweight metal. While copper prices are down 14 percent this year and iron has slipped 7.7 percent, aluminum has gained 0.1...
Rusal, the Russian aluminium company, is celebrating the fifth anniversary of its Hong Kong listing in an innovative new way – through a Facebook Quiz. On Rusal’s “Friends of Russia" Facebook page, those who are interested in participating can find the Quiz with a lucky few eligible to win the new...
The Mining and Energy Minister, Phillip Paulwell announced on Monday that the Alpart refinery at Nain, St. Elizabeth is scheduled to be re-opened on December 1, 2016 after being closed for the last five years. The Minister said that the Cabinet has approved the submission that will allow Rusal to...
There are indications that a decision has been reached regarding the reopening of mining and refining operations at St Elizabeth-based alumina producers Alpart by UC RUSAL. In an advisory on Friday, the Mining Ministry says portfolio minister Phillip Paulwell is to provide an update of major...
UC RUSAL, a leading global aluminium producer, announces that it has completed a transaction with JSC “Fund for support of investment projects in the Republic of Komi” to obtain the remaining 20% stake in OJSC Boksit Timana (‘Timan’). Following the completion of this transaction, RUSAL now owns...
UC RUSAL, a leading global aluminium producer, announces that it has completed its transaction to obtain the remaining 7% of the property rights of West Indies Alumina Company (WINDALCO). As a result, RUSAL now owns 100% of the complex. The relevant agreement was reached and signed between RUSAL...
UC RUSAL, a leading global aluminium producer, announces the start of its powder business modernisation programme. The programme, with a total investment set to reach USD52 million, will renovate the powder metallurgy plants in Volgograd and Shelehov. The programme aims to increase production of...
Rusal, a leading global aluminium producer, announces plans to invest over USD10 million in the modernization of silicon production in 2015. The investment program will enable RUSAL to increase production of high quality grades of silicon needed for production of aluminum alloys to 23,820 tonnes...
The financial director of Armenian Rusal-Armenal Vahe Suvalyan, disclosed their plans of increasing the foil output of the company by 5.5% compared to last year, to around 29,000 by the end of this year. Suvalayan further revealed that there are plans of a similar increase in the next year as well....
UC RUSAL, a leading global aluminium producer, announces the appointment of Vladislav Soloviev, previously First Deputy CEO, as Chief Executive Officer of RUSAL. Oleg Deripaska, who previously held this position, has become the President of the Company. As CEO, Vladislav Soloviev’s focus will be on...
The Mining Minister of Jamaica, Phillip Paulwell has given Rusal UC an ultimatum to restart the mothballed Alpart bauxite/alumina plant in Nain, St Elizabeth by December 31 or else there would be consequences. Last Wednesday, Paulwell addressing the audience at the Young Entrepreneurs meet telling...
Rusal, the largest aluminium producer in the world makes observations in the global aluminium demand and supply in the current year, making note of the strongest players in the industry during the period. The global aluminium demand During the first nine months of 2014, global primary aluminium...
UC RUSAL, a leading global aluminium producer, announces its results for the three and nine months ended 30 September 2014. Commenting on the third quarter results, Oleg Deripaska, CEO of RUSAL said: “In the third quarter of 2014 the situation in the aluminium market continued to improve resulting...
A recent report by Reuters quoted comments from UC Rusal Deputy Chief Executive Oleg Mukhamedshin at London Metal Exchange Week saying the world’s largest producer did not intend to bring any idled production back onstream for the next 3 years and expected its production to remain flat for the...
