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 is seeking court approval to force through its debt restructuring after failing to win unanimous backing from its creditors. The lenders blocking the restructuring of the Russian aluminium group’s $10bn debt pile are Royal Bank of Scotland, which is 80 per cent owned by the UK government, and...
UC RUSAL, a leading global aluminium producer, announces an update on the refinancing of its PXF facilities. The Company and the coordinating banks have made significant further progress in obtaining the support of the PXF lenders, which support overall is now at 94 percent. The Company is...
Russian aluminum giant UC RUSAL has pledged 75% of its Irish alumina plant Aughinish Alumina against a credit from Glencore for alumina supplies in 2014-2016, as seen by PRIME economic news agency in a document that metal giant Norilsk Nickel has sent to its major shareholders on Wednesday. The...
Last week, the world’s largest producer of aluminum, UC Rusal, began giving its customers the option of using the CME Group ‘s Chicago-based aluminum futures contract to set prices for its products. CME began offering the contract in May, after widespread dissatisfaction with the warehouse...
United Company Rusal PLC, the world's biggest aluminum producer, plans by next month to begin offering customers the option of using CME Group Inc.'s new aluminum futures contract to set prices, a company executive said in an interview. Rusal's use of CME futures would give a boost to the fledgling...
Jamaica is selling its 7 percent stake in a bauxite refinery operation, the island's energy minister announced Tuesday. Energy Minister Phillip Paulwell told Parliament that the government will sell its $11 million stake in the West Indies Alumina Company, referred to as Windalco. It is located in...
UC RUSAL, a leading global aluminium producer, presents its overview of the aluminium market trends. A number of influential factors that have emerged in recent weeks cause the Company to become increasingly bullish about the near term prospects for the aluminium price and UC RUSAL believes a...
The London Metal Exchange (LME) has decided to appeal against a court ruling that halted a reform aimed at cutting backlogs at its global warehouse network. A successful appeal could allow the exchange to carry through planned rules aimed at slashing waiting times of up to two years for industrial...
Premiums paid to secure aluminum are poised to exceed $500 a metric ton as soon as the coming quarter on stronger demand and limited supplies, according to United Co. Rusal (486), implying a jump of at least 20 percent. At least 75 percent of stockpiles in London Metal Exchange warehouses are tied...
UC RUSAL, a leading global aluminium producer, announces the launch of 6xxx series rolling slabs for automotive BiW (body in white) applications. This is a new high-end product for RUSAL which will be produced at the Sayanogorsk aluminium smelter in Russia and has been successfully qualified with...
RUSSIAN aluminium giant Rusal has slammed the investment climate for value-adding minerals processing, saying the key advantages Australia once enjoyed around energy and sovereign risk were being destroyed. “The industry in Australia is faced with development hurdles that pose significant...
UC RUSAL, a leading global aluminium producer, and Rosneft, Russia’s leading petroleum company, announce the signing of a long-term agreement for the supply of petroleum coke and natural gas to RUSAL’s plants. The document was signed by the CEO of RUSAL, Oleg Deripaska and the President of Rosneft,...
United Company RUSAL, the biggest producer of aluminium in the world, has raised its offer prices for the metal to Japan, a latest report says. According to Platts news source, the aluminum giant has offered a premium of $405 per metric ton to London Metal Exchange cash, to Japan buyers, for...
UC Rusal, a leading, global aluminium producer, announces its results for the three months ended 31 March 2014. Key highlights • In the first quarter of 2014 LME aluminium price continued its fall and reached the lowest record since the second quarter of 2009 of USD1,708 per tonne demonstrating a...
Representatives of the world’s largest aluminum company UC Rusal, will be visiting Jamaica later this month to conclude discussions on the future of their operations at the Alpart and Kirkvine bauxite plants. Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell made the...
Rusal, the world's largest aluminium producer, could default on some of its multi-billion dollar debt if it fails to reach a new deal with creditors by Monday, it said after reporting its biggest annual loss since 2008. The company's earnings have been hammered by low aluminium prices, which in...
UC RUSAL, a leading, global aluminium producer, announces the signing of an exclusive three-year service contract with OJSC Freight One for the export of finished products in covered wagons. Freight One will provide transportation services for the export of RUSAL’s aluminium produced at all of the...
United Co. Rusal, the world’s largest aluminum producer, is posting its best monthly rally on record as Goldman Sachs Group Inc. and VTB Capital predict a rebound in the metal will make the company profitable again. Shares of Rusal jumped 2.6 percent to an 11-month high in Moscow yesterday,...
