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 aluminium market affected by Rusal's tender
The European physical aluminium market remained quiet with market participants spending much of the week debating the premium level at which a Rusal tender for 3,000 mt of primary metal was concluded. "There's not a lot of business, that's the reality," one trader said. He added that he had not...
Rusal to halt plans for power plant at Queensland Alumina refinery
Russian aluminium producer Rusal is expected to halt its plans for a $400 million gas-fired power plant at its Queensland Alumina refinery, The Australian Financial Review reports. According to the newspaper, Rusal Australia chairman John Hannagan said the company is uncertain if it will able to...
Profits plunge 80pc at RUSAL's Aughinish Alumina plant
Tax profits at Rusal Aughinish in Limerick have fallen 80pc to $4.9m (€3.7m). The plant at Aughinish on the Shannon Estuary, which employs 450 staff, is Europe's biggest alumina refinery. Profits are down on rising costs, which have squeezed margins at the plant from 5pc to just 1.4pc. The...
Energy Ministry to decide on power subsidy for Bogoslovsk Aluminum Plant ( Part II)
The Russian Energy Ministry is now considering the possibility of effecting a reduction of the long-term electrical power tariff for Bogoslovsk Aluminum Plant (BAZ), Energy Minister Alexander Novak told the press in Yekaterinburg on Wednesday. The issue will be settled on an individual basis, Novak...
Aluminum Market Showing Signs of Stress
Extravagant claims recently made by United Company Rusal, the world’s largest aluminum producer, in a Financial Times article reflect more hope than reality. “More than 4.5m tons of global aluminum production will be idled [by the end of] 2012 due to the fact that global aluminum prices are, based...
Bogoslovsk Aluminum Smelter needs modernization and electric subsidy for recovery - Rusal
Aluminum production at the Bogoslovsk Aluminum Smelter (BAZ) in the Sverdlovsk region cannot possibly be brought to the break-even point just by modernizing it, without lowering the tariff for electricity, Russian aluminum company UC Rusal, which owns the smelter, said in a statement. "BAZ's...
Prosecutors warn aluminum tycoon over Urals mass firing
The Sverdlovsk Regional Prosecutor's Office has issued a warning to Oleg Deripaska, the tycoon that owns Russian aluminum giant RUSAL, over the situation developing at the Bogoslovsk Aluminum Smelter in the Urals, where the company is considering winding up its electrolytic production, the office...
Rusal to Modernize Troubled Urals Plant
Russian aluminum company Rusal has said it earmarked more than 200 million rubles ($6 milllion) to modernize an aluminum smelter in the Urals in the next two years, following demonstrations over the weekend about the future of the facility. The firm also said it had made "a principle decision" not...
Rusal launches online trading platform
Rusal has launched an online trading platform for its suppliers so contractors are now able to obtain comprehensive information regarding competitive selections and place their bids via the company's website, the Russian aluminium producer said Monday. "The main goal of Rusal's production strategy...
Street battles erupt near RUSAL Alumina refinery in Guinea
Street clashes broke out on Sunday in the Guinean industrial town of Fria, home to RUSAL's huge alumina refinery, after local youths armed with knives and guns attacked suspected black market fuel salesmen, witnesses and officials said. At least 20 people were injured in the fighting which ran for...
UC Rusal to present its latest research on alumina production at "Non-Ferrous Metals 2012"
UC RUSAL has become a sponsor of IV International Congress & Exhibition ''Non-Ferrous Metals-2012'', which will be held in Krasnoyarsk, Russia, on 5-7 September 2012. The Company will present its latest research on aluminium alloys and alumina production. The ''Non-Ferrous Metals-2012'' congress is...
Ewarton bauxite plant to remain open
The Jamaican government has disclosed a number of agreements it has secured to ensure the continued operation of the Ewarton bauxite plant in St. Catherine. It was earlier announced that the company’s 600 employees would be sent home starting this month as its parent company UC Rusal continues to...
Kwakwani Residents angered by APNU’s decision to block investment and employment
Residents of Kwakwani and surrounding communities are angry at the recent comments by A Partnership for National Unity (APNU) Executive Member, Lance Carberry that the party will be challenging the recent Mining Licence issued to RUSAL to expand its bauxite operation “We met with officials from the...
RUSAL Donates Medical Equipment to Combat Cholera Outbreak in Sierra Leone
Ten tons of medical equipment valued at more than fifty thousand dollars have been dispatched by the International Bauxite and Aluminum Company in Russia (Rusal), following the recent Outbreak of cholera in Sierra Leone. Speaking on the arrangement for the dispatch of the consignment, Sierra...
Russia's Rusal to invest $100 million in Jamaica power plant
Russia's Rusal, the world's largest aluminium producer, will invest $100 million in a coal-fired electricity generating plant in Jamaica, hoping to reduce power costs at its operations in the Caribbean country. Jamaica's Energy and Mining Minister Phillip Paulwell announced the company's plan...
Aluminum Prices sport Rising Trend on Monthly Index
The monthly Aluminum MMI registered a value of 99 in October, an increase of 5.3 percent from 94 in September. MetalMiner’s aluminum price index moved up this month due to broad price improvement for primary aluminum (e.g. the LME), but also for European sheet and plate prices (the former due to...
Rusal could reopen Friguia in exchange for bauxite
United Co Rusal could restart the Friguia alumina refinery in Guinea if the government grants it further bauxite concessions, first deputy ceo Vladislav Soloviev told Metal Bulletin. “Among our working refineries, Friguia is the most expensive in terms of production costs. We incurred losses in the...
Rusal and BlueScope Steel criticises price link to EU
The government's plans to link Australia's emissions trading scheme to Europe have been attacked by the chairmen of two of Australia's biggest carbon polluters. John Hannagan, chairman of the Australian arm of the world's largest aluminium producer, Rusal, said the move "simply doesn't make sense"...
