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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European physical aluminium slow as seasonal holiday approaches
Spot demand in the European physical aluminium market remains weak with little market activity reported as the seasonal holiday approaches. "There's nothing going on. Just a little end of year stuff," said one European trader. The trader said that business had pretty much been completed for the...
Rusal, and Rosenergoatom signed a two-year power supply contract
Russian Aluminum, or Rusal, and OJSC Rosenergoatom have signed a two-year agreement on the supply of electric power at a price of three cents per kWh, a joint statement issued by the companies says. The contract involves the supply of electricity from Beloyarsk Nuclear Power Plant to Boguchany...
UC RUSAL and Shandong XINFA to Study Aluminium Joint Venture
UC RUSAL, the world's largest aluminium producer, announces signing a Memorandum of Understanding with Shandong Xinfa Group, one of China's largest private aluminium companies, detailing the study of future possible cooperation areas, including joint ventures in the aluminium industry. The...
Russia's Rusal, China's Shandong to study aluminium joint venture
Rusal has signed a memorandum of understanding with Shandong Xinfa Group, one of China's largest private aluminium companies, detailing the study of future possible cooperation areas, including joint ventures in the aluminium industry, the Russian producer said Thursday. Rusal and Shandong Xinfa...
Rusal to boost bauxite production in 2013
The Russian aluminium company, Rusal, says it plans to increase bauxite production in 2013 while commencing work on a new deposit. Officials of the company made the disclosure to President Donald Ramotar during a meeting at the Office of The President on Tuesday. The meeting was held between...
Paulwell says Alpart alumina plant will reopen soon
Minister of Science, Technology, Energy and Mining, Phillip Paulwell, says he is confident that the Alpart bauxite and alumina plant at Nain, St Elizabeth, will re-open soon, as discussions with U C Rusal, the majority share-holders and operators of the plant, are going well. Addressing a Rural...
Rusal ignores S-Court ruling, dares FG
Effort by the Federal Government to comply with the Supreme Court ruling ceding the management of the Aluminium Smelter Company of Nigeria, ALSCON, in Ikot Abasi, Akwa Ibom State to its rightful buyers, BFIG Corporation, has been rebuffed by Rusal, the Russian Aluminium Company, that was sacked by...
UC Rusal highlights key issues in the global aluminium industry at Arabal
Oleg Mukhamedshin, Deputy CEO of UC Rusal, the world's largest aluminium producers, spoke at the 16th Arab International Aluminium Conference (Arabal) highlighting some of the key issues and opportunities in the global aluminium industry. Despite a steady increase in global aluminium consumption,...
Rusal deputy promotes need for growth of China’s downstream industry
UC Rusal’s Oleg Mukhamedshin, deputy CEO of UC Rusal, speaking at the 16th ARABAL conference and exhibition in Doha, Qatar, believes that China should either close down or modernise its existing production capacity and focus more strongly on developing a downstream industry. UC Rusal’s Oleg...
Nigerian Government to hand over ALSCON to BFIG as Crisis Looms Over the Takeover
The Federal Government has embarked on concrete steps aimed at handing over the Aluminium Smelter Company of Nigeria (ALSCON) to Bancorp Financial Group (BFG) in line with the Supreme Court directive. But the latest move is coming even as the Russians were said to have dragged the Federal...
UC RUSAL parners with Orbite Aluminae in developing hydrochloric acid project
Orbite Aluminae Inc. has developed a hydrochloric acid technology using up-to-date advanced process and hardware solutions. One of the advantages of the technology helping in energy saving is using pressure leaching to avoid pre-calcination of ore. The technology was initially developed for local...
Russian tycoon Deripaska increases stake in RUSAL
Oleg Deripaska's En+ Group topped up its shareholding in UC RUSAL , where he faces a slide in profits on the back of a weak aluminium market and a possible boardroom revolt by two fellow mining tycoons who also hold stakes in the company. The company said Deripaska's investment vehicle bought...
Rusal’s Nine-Month Profit Falls 91%
Rusal, the world's biggest aluminum producer, posted a 91 percent fall in its nine-month IFRS net profit to $143 million as a result of falling prices, the company said in its earnings statement on Monday. The figure was below a consensus forecast of analysts polled by RIA Novosti who expected the...
Rusal expects China’s aluminium demand to improve
Russia’s United Company RUSAL, the world’s top aluminium producer, said it expected orders to pick up towards the year-end due to a rebound in China. Tepid demand for aluminium in an oversupplied market has weighed on producers including Aluminum Corp of China Ltd. Prices have slumped 10 percent...
Rusal earnings hit by falling aluminium prices
Russian aluminium giant Rusal posted a third-quarter loss of $118 million on Monday, blaming Europe's economic turmoil and China's slowdown for sinking global demand for the metal. "The growth in the global demand for aluminium moderated in the third quarter of 2012 due to slower economic activity...
Rusal Takes Nigerian government to London Court over ALSCON
In an attempt to frustrate the Federal Government from handing over the Aluminium Smelter Company (ALSCON) at Ikot Abasi, Akwa Ibom State, to BanCorp Financial Group (BFIG) following the Supreme Court judgment, the current operator of the multi-billion dollar plant, Russia’s Rusal has taken the...
Guinea keeps growth forecast despite lower mineral output
Guinea will maintain its 4.8 percent growth forecast for 2012, 0.9 percent higher than the previous year, despite a sharp fall in gold, diamond and alumina production, a report by the finance ministry showed on Tuesday. The mineral-rich West African nation, which relies on mining for about 80...
RUSAL gets extension of waiver from its banks
Russia's RUSAL, the world's largest aluminium producer, has extended a waiver from its banks to end-2013 to meet required financial conditions on a $4.75 billion syndicated loan as it battles lower prices and high debt. The aluminium giant had reached agreement in March to get a 12-month holiday on...
