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 Joins The China Non-Ferrous Metals Industry Association
UC RUSAL, the world's largest aluminium producer, is pleased to announce that the Company has become a member of the China Nonferrous Metals Industry Association (CNIA), which is the most influential national non-profit organisation in the PRC which represents the interests of non-ferrous industry...
Paulwell's mining lease plans behind RUSAL's Jamaican Bauxite plant decision
UC RUSAL 's announcement that it has not taken a decision to close its bauxite plant in Ewarton appears to have been influenced by the Government's intention to revoke the special mining lease the Russian firm now holds on two alumina plants — Alpart and Kirkvine — that have remained idle for three...
RUSAL's Oleg Deripaska owns Ireland's biggest Alumina plant
Billionaire Russian oligarch Oleg Deripaska, who is at the centre of a bitter lawsuit with a former business partner in London, has sizeable interests in Ireland. Deripaska is worth almost €14bn, according to Forbes magazine. The Aluminium mogul is locked in a bitter dispute with fellow oligarch...
Russia warns of row with Nigeria over Rusal
Russia’s Foreign Ministry warned Nigeria on Thursday, of potential damage to bilateral relations and urged action against a court decision that stripped the world’s largest aluminium producer, Russia’s Rusal, of its core African asset. Nigeria’s supreme court ordered last week that Rusal, which...
Rusal denies plans to shut down its Jamaican alumina plant
Russia's Rusal, the world's largest aluminum producer, denied on Friday it plans to close its last working enterprise in Jamaica and lay off 600 workers, Izvestia daily newspaper reported. The Jamaica Observer reported this week that Minister of Science, Technology, Energy and Mining Phillip...
UK lawsuit against Deripaska digs his past
Billionaire Oleg Deripaska was successful and "established" by the time he met rival oligarch Michael Cherney in 1994 at 26, his lawyers told a London court, arguing the magnate would not have needed his rival's support to build his aluminium empire. Lawyers delved into the early career of one of...
Ewarton Bauxite plant shutdown to claim 600 jobs
Nearly 600 Jamaicans will be forced to join the unemployment line later this year as Russian aluminium giant UC Rusal moves to shut down its Ewarton plant in St Catherine. Mining Minister Phillip Paulwell, in a statement to the House of Representatives yesterday, said he was "verbally advised" on...
Rusal to Halt production at an aged Siberian smelter
United Co. Rusal (486), the largest maker of aluminum, plans to halt a Siberian smelting line built during World War II that’s too old to modernize to increase efficiency. “The company is studying a plan and the timelines to close the first production site at the smelter,” Rusal said today by...
Nigerian Court Scraps RUSAL's Aluminum Plant Purchase deal
The High Court of Nigeria invalidated a deal last Friday in which Russia's RUSAL, the world's largest aluminum producer, bought a local aluminum enterprise five years ago, Nigeria's The Nation Newspaper reported on Monday. RUSAL bought 77.5 percent of Alscon (Aluminum Smelter Company of Nigeria) in...
RUSAL CEO Oleg Deripaska dragged to court by businessman on partnership issue
A battle over a $1 billion stake in RUSAL, the world's top aluminium producer, comes to London next week, as two billionaire magnates go head-to-head in one of the largest ever commercial disputes to be fought in a British court. The trial begins in the High Court on Monday, offering a window into...
RUSAL produces nepheline powder for "Zero-Waste Alumina Production"
UC RUSAL the world's largest aluminium producer, announces the development and realization of the technology of nepheline powder production from nepheline mud, which is expected to boost the consumption of recycled waste by several multiples of the current level. The expected annual economic...
Rusal to boost output of Novokuznetsk smelter
United Co. Rusal plans to embark on a modernization program at its Novokuznetsk aluminum smelter which will boost 2012 production to 286,000 metric tons and increase value-added output by 18,000 tons a year from 2013, the company said Tuesday. The project will cost around 170 million rubles ($5.22...
Rusal to replace the aging aluminium smelter at Bogoslovsk Site
United Co. Rusal, the world’s largest aluminum producer, is considering building a new smelter to replace the aging facility at its Bogoslovsk plant in Russia’s Sverdlovsk region. After a feasibility study, it would take as long as 5 years to construct a smelter with annual capacity of 396,000...
Rusal to Hold Extraordinary shareholder Meeting
United Co. Rusal (486), the world’s biggest aluminum producer, said it will hold an extraordinary shareholder meeting after a request by Sual Partners Ltd., it’s third-biggest holder, with which it’s in a legal dispute. Rusal, facing an escalating shareholder conflict over Rusal management’s...
Rusal could be affected by tumbling aluminum prices in Europe
Rusal’s Guyana operations could be affected as aluminum prices in Europe are tumbling. According to Rusal’s CEO Oleg Deripaska there is a small deficit since May as the market is now highly volatile. Price of aluminum globally is approximately US $ 24, 00 compared to 35 hundred before the economic...
United Co. Rusal might have to replace Chairman Barry Cheung by August
United Co. Rusal (486) may have to replace Chairman Barry Cheung in August, five months after he took over the post at the world’s largest aluminum producer, according to four people with knowledge of the situation. Cheung, head of the Hong Kong Mercantile Exchange, may quit the Rusal job to devote...
Aluminium artifacts exhibition opens in Moscow
The world’s largest aluminium producer, is pleased to announce the opening of a unique exhibition titled ”Alchemy of Opportunities” organized by the Company in GUM (Moscow, Red Square, 3) from 19 June to 23 July 2012. The exhibition will display over 30 unique aluminium artifacts from different...
Rusal rennovates its three aluminum smelters for European market
Rusal announced Thursday the completion of the first stage of its value-added campaign for its Aluminium Division West business unit. The program boosted the share of value-added products, or VAP, for three smelters, reaching 100% at the Volkhov unit (24,000 mt/year of VAP), 80% at the Nadvoitsy...
