RUSAL seeks Kremlin aid four bauxite and alumina plants face mothballing risk
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...
RUSAL train derailment in Guinea halts Friguia alumina exports
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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UC RUSAL upgrades design and process parameters of ra-400 cells
RUALR/RUALRS, a leading, global aluminium producer, announces the status of RA-400 cells modernisation project. The cell’s upgraded design and process parameters will allow reducing electricity consumption to less than 12,900 kWh per tonne with the current efficiency of more than 95.5% and at the...
Ownership crisis hit aluminum smelter
The Chairman, Ikot Abasi Local Government Area, Ufot Udoinyang, has urged the Federal Government to intervene in the ownership crisis at the Aluminum Smelter Company of Nigeria (ALSCON), Ikot Abasi. Udoinyang said in Ikot Abasi, Akwa Ibom, on Sunday that the intervention became necessary to make...
Rusal in talks with lenders to delay their debt repayment
Rusal is presently in talks with their lenders to delay a repayment of part of its $10bn debt pile next month in the latest sign of distress in struggling industrial sector in Russia. Russia’s metal sector is struggling under a slow economy’s burden as well as weak commodity market and imposition...
UC Rusal to switch to Ecosoederberg Technology
UC Rusal has announced the current status of EcoSoederberg technology introduction programme. The modernisation programme is being implemented at the Krasnoyarsk (KrAZ) and Bratsk (BrAZ) aluminium smelters, the company's two largest production facilities. Until 2020, Rusal plans to switch nearly...
UC RUSAL’S plans to switch to gas as main energy source at aughinish alumina refinery progressing on target
UC RUSAL a leading, global aluminium producer, is set to complete a project to switch the Aughinish alumina refinery, Europe’s largest alumina producer, from heavy fuel oil to gas as its main energy source. The two steam generators designed to generate a total of 300 tonnes per hour of reliable,...
UC RUSAL and Omen sign shareholder agreement to create joint venture
UC RUSAL, a leading, global aluminium producer, and Israeli company Omen High Pressure Die Casting (“Omen”), a specialist producer of automotive components from non-ferrous metals, announce the signing of a shareholder agreement to create a joint venture to produce automotive components. The joint...
UC RUSAL enters into a sale of silicon agreement with Kamensk-Uralsky Metallurgical Works
United Company RUSAL Plc announces via a press release that, on 14 March 2014, UC RUSAL TH, a member of the Group, as seller, entered into a sale of silicon agreement with Kamensk-Uralsky Metallurgical Works Joint-Stock Company ("OJSC KUMZ"), an associate of SUAL Partners, as buyer, pursuant to...
UC RUSAL enters into a sale of silicon agreement with Kamensk-Uralsky Metallurgical Works
United Company RUSAL Plc announces via a press release that, on 14 March 2014, UC RUSAL TH, a member of the Group, as seller, entered into a sale of silicon agreement with Kamensk-Uralsky Metallurgical Works Joint-Stock Company ("OJSC KUMZ"), an associate of SUAL Partners, as buyer, pursuant to...
ALSCON plans to cut down losses, suspends work at aluminum smelter
The Aluminum Smelter Company of Nigeria (ALSCON) said the management is taking steps to cut down their losses while they have suspended the production of aluminum at the smelter. The managing director of ALSCon, Stanislav Kruglyashov, has given this statement to Business Day on Monday. He said the...
Russia's Rusal enters a $5 billion debt refinance deal with Sberbank
Rusal, the Russian aluminium giant, has entered into a deal with Sberbank to refinance their debt of $5 billion with the largest lender of the country, Oleg Mukhamedshin, Rusal Deputy Chief Executive said on Thursday. Rusal, hit by aluminium’s weak prices as well as heavy levels of debt of around...
Rusal predicts high aluminium premiums in Europe this year
Physical prices of European Aluminium will stay high this year as financing deals squeeze the aluminium availability on the spot market, Rusal Deputy Chief Executive Oleg Mukhamedshin said on Thursday. In an interview, Mukhamedshin told Reuters that aluminium premium CIF Europe which reflects...
RUSAL sees global Aluminum demand to grow by 6% y/y in 2014
Russian giant Rusal sees global aluminum demand to grow by 6% this year over 2013. According to RUSAL, China and other Asian economies are expected to grow strongly and the developed markets including the US and Europe should continue to show a healthy growth. Aided by strong growth within Asia,...
Rusal plans an alumina refinery in Indonesia to comply with country's new mineral laws
United Co.Rusal PLC, the aluminium producer, accepted the controversial move of Indonesia to restrict mineral ore export and said it will build an alumina refinery complying with the new laws of the country. The laws have already raised many a concerns among the global mineral competitors. But Oleg...
Russian firms to invest up to $6 bn in Indonesian mining
Russian firms plan to invest up to six billion dollars in Indonesia's mining sector this year, Jakarta said Tuesday, despite its recent mineral export ban that has worried foreign investors. Projects include a refinery on Borneo to process bauxite, an aluminium ore, and a railway on the island to...
Rusal signs MoU with Arbaya Energi to develop an alumina smelter in Indonesia
United Co. Rusal PLC signed a MoU with PT Arbaya Energi to develop an alumina smelter in West Kalimantan province of Indonesia The two companies will "work together to develop the appropriate resources and infrastructure investment," Rusal said in a statement. Rusal didn’t talk about its...
Russia's VEB wants to take part in aluminium state stock -report
Vnesheconombank, or VEB, the state development bank of Russia, is planning to participate in government state stock of aluminium creation, reported the news agency Interfax news agency. Russia's aluminium giant Rusal is presently in a loss making stage. It has supported the creation of such fund...
Russia's Rusal fights metal exchange reforms citing human rights
United Company Rusal, the world's largest producer of the metal, will seek court permission next week for the review, in hopes of quashing LME moves that may undermine the price at which it sells its products. The Hong Kong-listed company argues that the LME actions will harm its economic interests...
Rusal witnesses lowest aluminium output in 8 years as smelters shut
United Co. Rusal, the largest aluminium producer in the world, plans to cut down output to a minimum in the coming eight years as it will be shutting down inefficient smelters. It is expected production will be around 3.5 million metric tons in 2014, the company said on Tuesday to the Hong Kong...
