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 hosts Metal Bulletin International Aluminium Conference in Moscow
UC RUSAL, the world’s largest aluminium producer, has become the lead sponsor of the XXVII Metal Bulletin International Aluminium Conference, which will take place on 12-14 September 2012 in Moscow. The Metal Bulletin Conference, the premier international aluminium event, is a leading platform for...
Ewarton announcement in two weeks
The country could hear more details about the future of the Ewarton bauxite plant in St. Catherine within the next two week. Workers and communities which benefit from the plant have been on edge ever since the energy minister announced that the owners of the plant indicated it would be temporarily...
Rusal Output Cuts Intensify Shareholder Strife
Pressed by a downturn in metal prices, Russian aluminum giant United Co. Rusal PLC said Monday it will cut production at its less effective smelters, causing renewed strife between shareholders but gaining support from analysts. As Rusal reported a 95% drop in its first-half net profit, the...
Nirmal Bang presents reports on base metals
Nirmal Bang has come out with its report on base metals. According to the research firm, further rise is expected in the prices of industrial metals as China announces another round of stimulus package. Industrial metals prices fell on Friday, largely tracking a volatile euro versus the dollar, but...
RUSAL Plans To Replace its Less Efficient Aluminium Smelters with Modern Production Facilities
United Company Rusal Plc announces that its Board of Directors approved a long term program of gradual reduction of primary aluminium production at a number of less efficient aluminium smelters currently owned and operated by the Company. In order to maintain a competitive position in the global...
Rusal seeks Chinese partners to exploit alumina in Siberia
United Company Rusal Plc, the world’s biggest aluminum producer, is seeking Chinese partners to set up joint venture factories in Russia’s Siberia region, the Beijing-based Jinghua Times reported Monday. The Russian company, which accounting 9 percent of global alumina and aluminum output, just...
Guinea town paralysed as pay strike shuts Friguia aluminium plant
Guinea's biggest mining town is stuck in desperate limbo as its key aluminium plant remains shut five months after a pay dispute saw Russian owners abandon their posts for security reasons. "We're living through the end of Guinea's most famous mine," said trade union activist Mamadi Kourouma in the...
RUSAL trims outlook as profits hit by weak aluminium price
Russia's RUSAL, the world's top aluminium producer, reported sharply lower profits for the second quarter on Monday, battered by high inventories and low prices, and trimmed its outlook for global aluminium consumption. Despite a 72 percent drop in recurring net profit from a year ago, tight cost...
Rusal says claims on its Friguia plant in Guinea have no legal ground
Labour unions in Guinea have called on the government to cancel Rusal’s 2006 contract for the purchase of the country’s Friguia bauxite and alumina complex. Rusal says the demands have no legal ground. The world's largest aluminium producer said on Friday that it intended to protect its ownership...
Guinea unions ask government to annul RUSAL Friguia alumina plant deal
Guinean labour unions backed by the main worker federation, CNTG, have asked the government to annul a 2006 contract selling the country's Friguia alumina refinery to Russia's UC RUSAL , a union leader said. RUSAL paid $19 million in 2006 for the refinery, a price the current government has said is...
Rusal launches aluminium wire rod output for the cable industry
Rusal's production of rare-earth and transition metals aluminium alloys to create wire rod for the cable industry has completed the R&D and facilities set-up stage and entered production, the Russian aluminium producer said Monday. A multifunctional casting, rolling and pressing facility is...
RUSAL fears financial Loss due to Supreme Court Ruling on ALSCON
RUSAL, Russian Aluminum giant and operator of the Aluminum Smelter Company of Nigeria (ALSCON) stands the risk of incurring a financial loss of about $500m if a recent Supreme Court judgement declaring Bancorp Financial Group BFI as preferred bidder for ALSCON, Ikot Abasi Akwa Ibom State is...
Aluminum company shares expected to climb
Aluminum company shares are poised to return more than the metal they make as financial contracts mask a glut by limiting supplies and raising costs for buyers. United Co. Rusal, the biggest producer, will climb 29 percent in Hong Kong trading and Oslo-based Norsk Hydro ASA, 27 percent, the average...
Russia's Basic Element to start trading grain directly
Russian aluminium tycoon Oleg Deripaska's vehicle Basic Element (BasEl), a longtime investor in agriculture, has decided to start trading grain, aiming to sell direct to world markets instead of through Louis Dreyfus and Glencore. "Basic Element plans to create its own trading structure in order to...
Aluminum Premiums to rise in next 12 to 18 Months: Rusal
United Co. Rusal, the world’s biggest aluminum producer, said physical premiums will continue to rise in the next 12 to 18 months as so-called financing deals tie up metal stockpiles and demand grows. About 65 percent of aluminum stockpiles monitored by the London Metal Exchange are locked in...
RUSAL team to visit Ewarton Alumina Works in Jamaica in August
A high-end technical team is to be flown into Jamaica from Russia next month to hammer out wrinkles at the United Company (UC) RUSAL-operated Ewarton Alumina Works in St Catherine, according to Mining Minister Phillip Paulwell. "I would like to inform this House that a high-level delegation from...
Nigeria’s Supreme court order against Rusal may harm its economic cooperation with Russia
A decision by Nigeria’s Supreme Court to strip Russian aluminum giant RusAl of its ownership of its Nigerian aluminum processing plant may harm economic cooperation with Russia, the Russian Foreign Ministry said on Thursday. “The decision by the Nigerian Supreme Court on Alscon (Aluminum Smelter...
VEB to double its financing for Boguchany Aluminum Smelter
Mr Vladimir Dmitriev, VEB chairman said that the supervisory board of Vnesheconombank (VEB) on Wednesday approved an increase in financing for the Boguchany Aluminum Smelter from RUB 21 billion to RUB 47 billion. He said that the board considered the issue of expanding financing for the Boguchany...
