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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Energy Minister to update on Alpart and Kirkvine reopening
Energy Minister, Phillip Paulwell, is to report to the country on an energy solution to facilitate the reopening of the Alpart and Kirkvine bauxite plants when he speaks in the 2013-2014 Sectoral Debate. For months, the Government has been engaged in negotiations with Russian-based aluminium...
Rusal plans to buy Bogoslovsk power plant in 2013
Russian aluminum company UC Rusal plans to buy the Bogoslovsk Combined Heat and Power Plant from IES Holding in 2013, the Director of Natural Monopoly Relations at Rusal Maxim Balashov told reporters. "We plan to close the deal this year as soon as we agree on a price," he said. The asset was...
UC RUSAL and Israeli company Omen to establish joint venture to produce automotive components
RUALR/RUALRS, a leading, global aluminium producer, announces the signing of a memorandum of understanding with Israeli company Omen High Pressure Die Casting, which specializes in the production of automotive components from non-ferrous metals. Together the companies intend to create a joint...
Rusal estimates aluminium output to cut by 3%
Rusal official says more aluminum-production cuts are needed to cut record-high inventories. Rusal estimates 1.5 million metric tons of supply should be cut. A 3% reduction in global output could bring LME stocks to pre-2008 levels in two or three years, according to Rusal official. About 1.5...
UC RUSAL and Rosneft sign agreement to co-operate on petroleum coke supplies
UC RUSAL, the world's largest aluminium producer, and the oil company Rosneft announce the signing of an agreement of intent to cooperate in the supply of petroleum coke and other products to RUSAL's production facilities, as well as to develop Rosneft's capacities for the production of petroleum...
UC RUSAL to switch from heavy oil to gas at Aughinish alumina refinery
UC RUSAL, the world's largest aluminium producer, announces the next step in Aughinish alumina refinery's modernisation programme, which will include the shift of steam production from heavy oil to gas as its main energy source. The change of oil-fired boilers to gas-powered steam generators will...
Rusal chief warns that carbon tax will drive jobs offshore
Russian aluminium tsar Oleg Deripaska has attacked the Gillard government's carbon tax, saying it is leading towards higher energy costs that come with the danger of driving local manufacturing and minerals processing jobs overseas. Mr Deripaska, chief executive of the world's biggest aluminium...
UC Rusal sets conditions to resume production at ALSCON
The current operator of the Aluminium Smelter Company of Nigeria in Ikot Abasi, Akwa Ibom State, United Company Rusal on Monday gave two conditions for resumption of operations at the aluminium factory. The company which commenced production at the factory about six years ago recently announced...
Rusal to set up separate company for aluminum rod production
Russian aluminum giant Rusal is considering setting up a separate company on the basis of rolling production at its Ukrainian asset - Zaporizhia Aluminum Smelter which would only produce aluminum rods. A spokesman for the plant said that the idea of setting up a new company on the basis of existing...
Political connections saves Rusal
Business life and political relationships are inextricably linked in Russia. None of Russia’s oligarchs would have got where they are without political connections, and much as they project the image of international corporate businessmen, none of them would survive today without the continuing...
Federal Government of Nigeria terminates sale of Alscon to BFIG
The National Council on Privatisation approved the termination of BFI Group’s offer to purchase 77.5 per cent of Aluminum Smelter Company of Nigeria “following their inability to pay the agreed 10 per cent of the offer price within 15 working days of the execution of the Share Sale/Purchase...
RUSAL suspends aluminium production at Alscon Smelter
Rusal, the world’s largest aluminium producer announces the decision of ALSCON Board of Directors to temporarily suspend the smelting operations at the plant. During the meeting on 11 March 2013 of the Board of Directors of ALSCON, 85% of which is owned by UC RUSAL, a decision was taken to suspend...
RUSAL to suspend operations at Nigerian smelter
RUSAL, the world's largest primary aluminium producer, decided to suspend operations at its Alscon smelter in Nigeria because of concerns about gas supplies, it said on Friday. The Russian firm said the smelter would be suspended from the end of April, having produced 22,000 tonnes of aluminium in...
Norilsk pays dividends for Rusal
Rusal will be able to service its debts for the next four and a half years thanks to the dividends the company is set to receive from Norilsk Nickel, according to Oleg Deripaska, chief executive of the world’s largest aluminium producer. The comments underscore the importance for Rusal’s finances...
China perpetuates oversupply of aluminum
A number of the base metals are in oversupply right now, which is keeping prices depressed. BMO Capital Markets analyst Jessica Fung places some of the blame on Chinese reserve buying. She noted that China’s State Reserve’s Bureau has issued tenders to buy 300,000 tonnes of primary aluminum from...
Rusal's 'Last Act of Drama' in commodity market
Oleg Deripaska, the CEO of the world's largest aluminum company Rusal said global commodity producers need to cut output by up to 10 percent to bring the market back to balance. "At the moment in many industries not just aluminum, [but] steel, cement, nickel we have a very urgent call to reduce...
UC Rusal cuts capacity by 300kt
UC Rusal, billed as the world's largest producer of primary aluminium, has announced that it will be cutting production at its less efficient smelters by 300kt by the end of 2013. The planned cuts, which have now been approved by Rusal's board, are designed to maintain the company’s competitive...
RUSAL drops plan for $5-billion aluminum smelter in Guinea
Russian aluminum giant RUSAL has quietly abandoned plans for a multibillion-dollar aluminum smelter in Guinea, according to a government source and documents seen by Reuters on Thursday. RUSAL is trimming its output in the face of weak prices and rising power costs. Its decision adds to a string of...
