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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Rusal, Chalco to Decide on JV in June
Russian aluminum producer United Co. Rusal PLC and Aluminum Corp. of China Ltd. ( Aluminum Corporation of China Limited), or Chalco, will decide in late June the outcome of a joint-venture accord to consider cooperation on four projects in the aluminum sector, Rusal's deputy chief executive, Oleg...
RUSAL revenue increase by 2.2% in First Quarter
Russia’s United Company RUSAL Plc, the world’s largest aluminium producer, said in its statement on Tuesday it saw revenue grow by 2.2 percent to $2.682 billion in the first quarter year-on-year. RUSAL reported a drop in the aluminium output by 4 percent or 42,000 tonnes to 1.007 million tonnes, as...
Rusal increases profits amid falling aluminium prices
Oleg Deripaska’s Rusal on Tuesday reported a better than expected net profit of $52m, yet concerns remain about the company’s recovery following a sharp decline in aluminium prices. Market prices for aluminium have fallen to as low as $1,800 a tonne in recent weeks, with the average price for the...
Rusal Aluminum Output Falls in First Quarter
United Co. Rusal PLC, the world's largest aluminum producer, said Tuesday that it saw a substantial narrowing in first-quarter losses, as it pushes to cut annual output in a market battling with excess global supply, poor demand and low prices. First-quarter net losses adjusted for the company's...
China aluminum capacity cuts won't solve glut: CRU
China has temporarily halted 1 million metric tons a year of primary aluminum capacity so far this year and could cut a further 300,000 tons capacity in the country's east before year-end if metal prices remain low, but this won't solve the global industry's overcapacity problems, CRU consultants...
Global aluminum demand rises 6% to 12 million mt in Q1: Rusal
Global primary aluminum consumption rose 6% year on year to 12 million mt in the first quarter of 2013, aluminum producer Rusal in Russia said Tuesday. China posted the strongest demand growth rate of 11%, supported by a strong 12.81% year-on-year rise in automotive output during the quarter, Rusal...
The world’s largest aluminium producer, RUSAL, reports revenue increase by 2.2% in Q1
Russia’s United Company RUSAL Plc, the world’s largest aluminium producer, said in its statement on Tuesday it saw revenue grow by 2.2 percent to $2.682 billion in the first quarter year-on-year. RUSAL reported a drop in the aluminium output by 4 percent or 42,000 tonnes to 1.007 million tonnes, as...
ALSCON to inaugurate water project in Akwa Ibom
The management of Aluminium Smelter Company of Nigeria in Ikot Abasi, Akwa Ibom, says it will soon inaugurate water project in the state. The Director, Government- Public Relations, Tatyana Smirnova, disclosed this in an interview in Ikot Abasi Local Government Area. Smirnova said that the project...
RUSAL wants cuts in global aluminium production
Skyrocketing aluminium output growth, predominantly in China, has led to a global crisis and market overheating. Prices have fallen (to $1800 per tonne), while global output shrank to a four-month low in March. The World Bureau of Metal Statistics estimated aluminium overproduction in January and...
Chinese heat bends aluminium out of shape
Business Spectators reported that aluminium is the metal that missed the commodities boom and caught the bust. Alcoa’s announcement overnight that it was considering mothballing or cutting another 11% of its global smelting capacity is further evidence of the industry’s struggle to come to terms...
ALPART to resume operations in first quarter of 2016
Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, has announced that the bauxite and alumina company, Alpart, in Nain, St. Elizabeth, would resume operations in the first quarter of 2016, following completion of the refinery’s new energy infrastructure. The re-opening will...
Talks continue between Hururu villagers and Rusal
Tonight discussions continue between Hururu village Council and Rusal’s Bauxite Company of Guyana to reach an agreement on the use of 300 acres for a new bauxite crushing plant in the village. Reports are that blockages to land and river accessed were being removed. Today, a team from the...
Indigenous Indians block Russian bauxite operations for higher pay
Indigenous Amerindians in south-eastern Guyana have virtually halted the operations of the Russian Aluminium Company to press demands for more money to be paid to them for use of a roadway and the excavation of a new area. Councillors of Hururu, an Amerindian mission in Upper Berbice River, and...
Rusal to reopen Jamaican alumina plants with new energy source
The Jamaican government and Russian mining company Rusal have agreed to reopen two of the Caribbean island's alumina plants within three years, Jamaica's energy and mining minister, Phillip Paulwell, announced on Wednesday. Rusal, the world's largest aluminum producer, has been operating in Jamaica...
Russia's Onexim mulls buying Rusal's debt
Russian billionaire Mikhail Prokhorov's Onexim group is considering buying the debt of aluminium giant RUSAL to increase its influence over strategy, or may sell out completely, Onexim's chief executive was quoted as saying. Onexim, which has a 17 percent stake in the world's largest primary...
Rusal affected by the difficulties of Norilsk Nickel
Persistently low aluminum prices are not the only difficulty faced by the world's leading producer, Rusal. The fall in profits of Norilsk Nickel, the Russian giant owning 28% stake in Bloomberg, was forced to revise yesterday sharply the amount of its losses last year. The loss has finally reached...
RUSAL may downscale bauxite investment in Berbice River
The Russian bauxite company – RUSAL – is reportedly expressing frustration at efforts by some elements to “extort” money from them for the use of about 300 acres of land in Hururu village, Berbice River. The company reportedly reached an agreement with the community village council to pay millions...
Fall in aluminum price expected if production is not cut says top executive of UC Rusal
A top executive of the world's No1 aluminum producer, United Co Rusal, warned yesterday that the price of the metal may fall further unless production is cut as current stocks could last for another three years. The global inventory stands at five to six million tonnes, Rusal deputy chief executive...
