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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Fresh calls to investigate bauxite produced by Rusal Aughinish
There have been fresh calls this week for an investigation to take place on the disposal of red bauxite on the banks of the Shannon, which comes from the Rusal Aughinish site. The Russian-owned company, which produces alumina, is two years into a project which sees the disposal of 1.2m tonnes of...
UC RUSAL announces new director of Aluminium Division East
In 2010, Evgeny Nikitin was appointed Managing Director of Krasnoyarsk Aluminium Smelter (KrAZ), one of the world's largest aluminium production facilities. From 2008 to 2010, he was managing director of the Sayanogorsk Aluminium Smelter (SAZ) after beginning his career with RUSAL as a pot operator...
RUSAL Aughinish refinery records losses
The largest alumina refinery in Europe, RUSAL Aughinish, which is located on the Shannon Estuary, plunged into the red last year as it racked up pre-tax losses of $10.4m (€7.68m). The business recorded the loss as revenues at the refinery dipped by $24m, or 2.5pc, from $610.57m to $586m in the 12...
Rusal CEO Deripaska whining over LME Aluminum
UC Rusal Chief Executive Oleg Deripaska appealed to the new owners of the London Metal Exchange (LME), Hong Kong Exchanges and Clearing (HKEx), to think again on their proposals to force aluminum warehouses to release more metal than they take in, according to a recent Reuters article, saying “the...
Russia's Rusal, state bank tie up to produce aluminum auto parts
Russian aluminum giant Rusal has signed a memorandum of intent with the State Corporation Bank for Development and Foreign Economic Affairs, or Vnesheconombank, to jointly set up facilities to produce aluminum and aluminum alloy-based automotive components, rolled and cable products, the company...
Rusal signs agreement to convert western Russian smelters
United Co Rusal will convert its loss-making Russian aluminium smelters to the production of vehicle components as well as rolled and cable products, it said on Monday September 30. To fund the transformation, Rusal has signed a memorandum of intent with state-owned development bank Vnesheconombank...
Rusal involved in development of dry cargo port
UC Rusal, the Government of Krasnodar Territory and the Ministry of Transportation of the Russian Federation have agreed to join forces to build the Taman Dry Cargo Port. The main role of the port will be the transhipment of aluminium and alloys and the chief goal of the project will be the...
Rusal objects to HKEx’s ‘unprecedented intervention’ in aluminium market
Aluminium producer UC Rusal has called on the London Metal Exchange to postpone the changes it proposes to make to warehouse load-out rates, and instead provide more information about position holdings and encourage competition between warehouse firms. The measures the LME has proposed are intended...
ALSCON: BFIG traces stripped assets to ibom power
The BFIGroup said it has traced a steel oil tank belonging to the Aluminium Smelter Company of Nigeria (ALSCON), Ikot Abasi in Akwa Ibom state, to the neighbouring Ibom Power Company (IPC). BFIGroup is the Nigerian-American consortium that emerged the preferred bidder for ALSCON in 2004, but was...
Rusal asks LME to postpone proposed warehouse overhaul
Russia's United Company Rusal , the world's biggest producer of aluminium, said on Wednesday it has asked the London Metal Exchange (LME) to postpone the proposed overhaul of rules that govern its global warehouse network. Backlogs in metal deliveries from LME warehouses have inflated spot...
Alcoa, Rusal’s aluminum production cuts not enough to improve market situation
As our old friend Chuin-Wei Yap at the WSJ in Beijing recently observed, in spite of chronically low aluminum prices and massive global overcapacity of supply, China continues to invest in new smelters in its northwest region. In fact, as the article reports, Xinjiang Qiya Aluminum & Power Ltd.,...
Oleg Deripaska named aluminium industry ambassador of the year
UC RUSAL, a leading, global aluminium producer, is pleased to announce that RUSAL CEO Oleg Deripaska has been honored as Industry Ambassador of the Year by the Metal Bulletin Global Awards for Aluminium Excellence. The 28th Metal Bulletin International Aluminium Conference was held in Geneva,...
World aluminum supply needs 40% cut: Rusal
In a little more than two weeks, Alcoa Inc. will report third-quarter results, and there is every reason to believe that those results will not be pretty. The consensus estimates call for earnings per share of $0.06 on sales of $5.74 billion. The earnings estimate has been cut in half over the past...
Rusal seeking some fixed-term aluminium premiums for 2014
Russia's United Company Rusal , the world's biggest producer of aluminium, wants to fix the price for some of its aluminium supply contracts for next year, the company's marketing chief executive said on Thursday. Rusal last year broke with tradition to switch term supply deals for 2013 to a...
Rusal calls for aluminium production to be cut
The deputy chief executive of Rusal, the world’s largest maker of aluminium by volume, has called on non-Chinese aluminium producers to cut their production by 2m tonnes to end the oversupply that has pushed smelters into losses. Oleg Mukhamedshin, also Rusal’s director for strategy and business...
Halted alumina output could hinder Guinea growth: Finance Minstry report
Guinea's 2013 growth target could be undermined by a lack of alumina output in the first half of the year stemming from a prolonged shutdown of RUSAL's 630,000 tonne-per-year Friguia refinery, a finance ministry report said. Work at the refinery was suspended in April 2012 following a labour...
Alcoa Inc demands more transperancy from London Metal Exchange
Alcoa Inc has recently made the news for several reasons, some good, others not. The good news is the announcement that activity will double at its Kawneer asset located in Irurtzun, Spain. Production there is said to focus on standard and custom products for national and international projects....
Thousands protest against closure of Russian aluminum smelter
An estimated 1,500 people held a demonstration on Saturday against the planned closure of Bogoslovsk Aluminum Smelter, the facility's trade union leader said. The protesters were mainly workers from the smelter, which is located in the town of Krasnoturyinsk, and other local people. They marched...
