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, the world's largest aluminium producer, is considering selling about $1 billion worth of non-core assets, including its foil business in Russia, BCS financial group analysts said. Other assets that could be sold include stakes in the Alscon aluminium smelter in Nigeria and the Bogatyr coal...
UC Rusal's key smelters increased aluminum shipments by rail 19.7% year-on-year in January-July to 1.627 million tonnes, Russian Railways (RZD) (MOEX: RZHD) said. Export shipments rose 12.1% to 1.439 million tonnes but domestic shipments were up nearly 2.5-fold to 188,000 tonnes. RZD's figures...
UC RUSAL, a leading global aluminium producer, is pleased to announce that the Company has obtained 100% credit approvals from all its lenders for the proposed amendments to the USD4.75 billion and USD400 million PXF facilities. In order to technically complete the refinancing, the Company intends...
The legal battle between the London Metal Exchange and Rusal over warehousing reforms could rumble on for several more months after a British appeals court declined to make a ruling on Wednesday. The two parties returned to court this week for the first time since March, when the Russian aluminium...
The London Metal Exchange (LME) and Russian aluminium giant Rusal sparred in court on Tuesday as the LME sought to overturn a court ruling and allow it to implement tough warehousing rules to cut backlogs. The dispute is over whether the LME, the world's oldest and biggest market for industrial...
UC RUSAL, a leading global aluminium producer, announces the completion of the work to allow the Aughinish alumina refinery, Europe’s largest alumina producer, switch from heavy fuel oil to gas as its main energy source. This will reduce the sites overall environmental footprint, coupled with cash...
It’s been a year since the U.S. Senate held a hearing on logjams at metal storage facilities and rising fees. Since then, costs have gone up and waiting times for delivery at some sites are even longer. The London Metal Exchange, which oversees more than 700 warehouses, has been blocked from easing...
UC RUSAL is considering the use of ethane to fire its 1.7- million tonne alumina refinery in Jamaica's southwestern parish of St Elizabeth. The plant has been closed for five years, largely because of low market price for its product and high production costs, which is primarily because of the...
Global aluminium producer RUSAL announced today that it has won a case with regards to share purchase of the Friguia bauxite and alumina complex against the Republic of Guinea. Rusal bought over the Friguia production complex, which includes a bauxite mine, an alumina refinery and a railway network...
Russia's Rusal, the world's largest aluminium producer, is unlikely to start production at its Siberian Boguchansk aluminium project in 2014, the Energy Ministry said on Tuesday. Rusal, led by Russian tycoon Oleg Deripaska, has already delayed the launch of the 588,000 tonne-per-year Boguchansk...
ALCOA’S second quarter earnings issued overnight surprised on the upside and contained a glimmer of optimism for the long-beleaguered upstream segments of the aluminium industry. The turnaround in the performance of Alcoa’s primary metals business, which produced a $US97 million profit in the...
Government has issued a formal notice, to Russian aluminium company UC Rusal, of its intention to revoke the special mining rights for its Alpart and Kirkvine refineries, if "bona fide" mining operations do not resume within six months. This was disclosed by Minister of Science, Technology, Energy...
The railroad is planned to be 180 kilometres long and would run from Binh Phuoc province to Ba Ria-Vung Tau in the south of the country. An Vien Group (AVG) has committed to supplying 50 per cent of the financing with Rusal providing the other half. The Russian side said it hopes its Vietnamese...
During a hearing at the High Court of Justice of England and Wales, the majority of Rusal creditors voted for a scheme to refinance the aluminum giant’s $5.15 billion loans, the company said in a statement. A total of 94% of Rusal’s creditors voted for the scheme at the court, which was authorized...
UC RUSAL, a leading, global aluminium producer, announces the beginning of Dian-Dian project in the Republic of Guinea. The first stage of the Dian-Dian project involves the construction and putting into operation by 2016 of a bauxite mine with an annual capacity of 3 mln tonnes with the potential...
We can only assume that the Simpson Miller administration's notice of intent to rescind UC Rusal's bauxite mining concessions for two of its Jamaican alumina refineries - Alpart and Kirkvine - is a strategic move aimed primarily at enhancing its efforts at enticing Chinese interests to the sector....
UC RUSAL, a leading global aluminium producer, announces that it has begun initial design work on a project to build a new casting line at the Krasnoyarsk aluminium smelter (“KrAZ”). The project is part of the Company’s strategy to increase the share of alloys in total aluminium output. Completion...
Russian aluminium giant Rusal has won another reprieve from lenders, extending a deadline to refinance $3.6 billion in debt to the end of October while it seeks court approval for a debt restructuring that is being blocked by a few creditors. Without the deadline extension, the world's largest...
