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 dismisses shareholder's criticism as "Unbashed Populism"
United Co. Rusal PLC, the world's largest aluminum producer, on Tuesday dismissed a key shareholder's criticism of the company's plans to cut annual output by 7% as "unabashed populism." Sual Partners had called Rusal's plan to cut production by 300,000 metric tons at its less-efficicient smelters...
Rusal aluminium production flat as depressed prices take their toll
Low aluminium prices and ‘investor sentiment’ are behind UC Rusal’s flat production figures for the year ended December 2012. The Russian aluminium giant – the world’s largest producer – says that total aluminium output for the fourth quarter of 2012 decreased by 2.1% to 1.03Mt compared with 1.06Mt...
Dynamite blast injures several at Rusal bauxite mine
A policeman and two Russian nationals were among ten people injured yesterday after several boxes of fuel-soaked dynamite exploded at the RUSAL Bauxite Inc. at Kwakwani, Berbice River. Three of the victims were treated at the Kwakwani Hospital before being air-lifted to the city and admitted to the...
Rusal to Cut Aluminum Production by 7%
United Co. Rusal PLC, the world's largest aluminum producer, will cut annual output by around 7% this year, the company said Monday, paring excess global supply at a time of lackluster demand, depressed prices and rising output in China and the Persian Gulf. Rusal will maintain the lower production...
Barclays forecasts 1.8MT market surplus for Aluminium in 2013
Barclays forecast a 1.8Mt market surplus for aluminium in 2013, which would drive the stock-to-consumption ratio to more than nine weeks over the course of the year. There is more diversity in perspective on the aluminium market this year, they said. The standout performer over the past week has...
BFIG Slams Russia's UC Rusal with N2.8 billion suit over ALSCON takeover
BFIGroup Corporation, the American-Nigerian consortium recently reinstated by the Supreme Court as the preferred bidder for the Aluminium Smelter Company of Nigeria, ALSCON, Ikot Abasi, Akwa Ibom State, on Friday said it has instituted a N2.8 billion lawsuit against UC RUSAL for damages over the...
Aluminum Near One-Month High as Car Sales Rise
Aluminum traded near a one-month high as demand prospects for the light metal improve amid advancing car sales and rising fuel costs. Aluminum for delivery in three months increased as much as 0.2 percent to $2,147 a metric ton on the London Metal Exchange and traded at $2,145.75 at 11:53 a.m. in...
RUSAL sees global aluminium demand to grow 6 pct in 2013
Russia's United Company RUSAL Plc, the world's top aluminium producer, said on Friday it expects 2013 global aluminium demand will rise 6 percent, fuelled by investment in large-scale infrastructure projects in China. RUSAL's positive tone comes after a tough year for aluminium produers due to the...
Guinea says Rusal's Fria refinery to restart within months
Guinea expects production at aluminium producer Rusal's Fria refinery to restart "within months", thanks to conditions set as part of a deal signed with the Russian group late last year, a senior official said. The 630,000 tonne per year plant has been shut since last April following a labour...
RUSAL starts rig testing of the industrial inert anode pot
UC RUSAL, world's largest aluminium producer, is pleased to announce the start of rig testing on the industrial smelting pot, based on the revolutionary and unique inert anode technology. Rig tests are being held on a 3kA amperage in Krasnoyarsk. For inert anode technology the Company has developed...
Oleg Deripaska predicts upturn in the aluminium sector
As chief executive of Rusal, the world’s biggest aluminium producer, he has a ringside view of what is going on in the commodity markets and the turmoils of his own sector. Last month mining giant Rio Tinto waved goodbye to its chief executive Tom Albanese, as it wrote another $10bn (£6.4bn) to...
RUSAL plans to develop the largest bauxite deposit and alumina refinery in Guinea
Within six years, UC RUSAL plans to develop the largest bauxite deposit in Guinea and to build an alumina refinery. These plans surprised the experts, since the company already has a plant there, the Friquia, which is sitting idle. Professionals in the field think alumina production in Russia, made...
Rusal sees aluminum prices at $2,300 per ton by end of year
"By the end of the year we will see prices at $2,300 per ton. In 2014, I hope there will begin a recovery in price and they will return to a fair level," said the company's first deputy chief executive Vladislav Soloviev, according to Russian media reports. The London Metals Exchange's three-month...
Govt, UC Rusal to ink bauxite deal by january end
The Government is hoping to reach an agreement with Russian company UC Rusal by month end on the timeline for the reopening of the Alpart and Kirkvine bauxite plants. The downturn in the global aluminium market forced the company to close the plants in 2009. UC Rusal has cited the high cost of...
Rusal's BAZ to produce 33,000 tonnes of aluminum wire rods per year after updates
UC Rusal's Bogoslovsk Aluminum Smelter (BAZ) plans to produce 33,000 tonnes of aluminum wire rod per year after the completion of its modernization, Rusal's representative in the Ural Federal District, Roman Lukichev told Interfax. He said BAZ does not currently produce wire rods. Rusal, the...
Jamaican Govt and UC Rusal to discuss the reopening of Alpart and Kirkvine alumina plants
The Government and representatives of aluminum giant UC Rusal are to hold talks today, as the parties seek to sign off on an arrangement for alternative energy solutions for the reopening of the Alpart and Kirkvine alumina plants. UC Rusal closed Alpart and Kirkvine in 2009, amid the global...
Controversies erupt in Nigeria over AlSCON's Assets and Ownership
The cost of ALSCON's assets and its ownership has attracted the most attention. Weekly Trust examines the issues that have raised so many questions. There have been growing concerns and controversies over the actual market price and ownership of the Aluminium Company of Nigeria (ALSCON), since...
Rusal To Develop Dian-Dian Bauxite Deposit
United Co. Rusal PLC said Monday it has signed an agreement with the government of the Republic of Guinea to develop the Dian-Dian bauxite deposit, the world's largest. The deal calls for developing the mine to be able to produce up to 3 million tons of bauxite by 2015. Rusal will also complete a...
