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 to modernise Yaroslavsk Mining Company
UC Rusal is to spend RUS100M ($3M) to modernise its Yaroslavsk Mining Company (Yaroslavsk GRK). Rusal will use the money to refurbish existing equipment and buy new machinery. The funds will also be spent on carrying out stripping operations to guarantee the stable operation of the Yaroslavsk GRK...
Rusal Plans to Borrow from China's Eximbank for new Plant
United Co. Rusal PLC (0486.HK) said Tuesday it plans to borrow up to $850 million from Chinese bank Eximbank to build a new anode factory in the Irkutsk Region. The main consumers will be Rusal's aluminum smelters in Eastern Siberia which are able to meet China's growing demand in aluminum, the...
China is a deciding factor in 2013 Aluminium price: RUSAL
Russia's RUSAL, the world's biggest aluminum producer, is prepared to cut output and costs this year to support prices, which could recover in 2013 if China also reduces production, a senior executive told Reuters. "The market price is at a level where about 30 percent of producers are...
Guinea says 2012 growth target at risk
A slowdown in alumina and diamond production in early 2012 is jeopardizing Guinea's target for securing economic growth of 4.7 percent for the year as a whole, an economy and finance ministry official said on Monday. Guinea, the world's largest exporter of the aluminium ore bauxite, has seen...
RUSAL ships 5 percent more aluminum by rail in January to May
Interfax reported that United Company RUSAL raised aluminum shipments by rail 5.3% YoY in January to May 2012 to 1.058 million tonnes. Russian Railways said that export shipments grew 5.8% to 990,800 tonnes but domestic shipments fell 0.6% to 66,800 tonnes. Alumina shipments rose 2.8% to 3.065...
Rusal Executive Director Alexander Livshits Resigns
United Co. Rusal PLC (0486.HK) Executive Director Alexander Livshits has resigned effective June 15, the Russian aluminum giant said Monday, marking a second senior-management departure from the Russian aluminum producer in about three months. Mr. Livshits' resignation came after Russian...
South African Oligarch proves to be a threat to Oleg Deripaska in Guinea
A group of South Africans, led by Tokyo Sexwale, has devised a scheme to take over mineral assets and mining concessions in the west African republic of Guinea, which the government plans to renationalize after revoking deals struck by previous Guinean governments. The Sexwale scheme is a growing...
Rusal considers 600kt production cut
Rusal could cut up to 600kt of capacity due to the continued economic downturn, it said. Publishing its Q1 financial results the Russian company said it is currently considering cutting between 300kt-600kt of high-cost smelting capacity starting from H2 2012. The cut represents 4 to 6% of overall...
LME spot prices dipping below $2,000 per metric ton
MetalMiner’s recent trend report on aluminum prices, the weekly Aluminum MMI®, showed that the global prices of the light grey metal have somewhat tempered their freefall — but uncertainty remains for the future price of aluminum, as we can see in Western and Asian markets. LME spot prices have...
UC Rusal boosts output by 3.5% in firest quarter
UC Rusal boosted aluminum output 3.5% YoY to 1.049 million tonnes in the Q1 of 2012. However in response to continued uncertainty in the global economy, Rusal is currently considering the curtailment of 300,000 tonnes to 600,000 tonnes of high cost smelting capacity starting from the H2 of 2012...
Rusal opposes carbon tax by Gillard government
RUSSIAN aluminium giant Rusal has accused the Gillard government of hobbling the once high-growth alumina industry through the July 1 introduction of the carbon tax. It argues the carbon tax will force shrinkage in the industry's share of growth in the global market for alumina, an intermediate...
Government to ease Ewarton bauxite woes
There are indications that the government may be stepping in to offer some reprieve to the owners of the Ewarton bauxite plant in St. Catherine. The cost of production and the decreased demand for alumina has continued to take a toll on the company. The high cost of electricity has also been blamed...
No alumina produced at RUSAL Guinea plant since April 3
UC RUSAL's Friguia alumina refinery in Guinea has not been in production since April 3, despite the suspension of a strike at the plant late last month, union and company officials said on Friday. Operations at Friguia have been repeatedly disrupted in recent months due to disputes between unions...
IES Holding ended talks with Rusal
Billionaire Viktor Vekselberg’s IES Holding ended talks on selling Russian power generating assets to aluminum producer United Co. Rusal as its terms weren’t met. The government last year supported Rusal’s purchase of IES’s Bogoslovskaya power plant and Novobogoslovskaya project to supply...
Kolberg-Pioneer Hosts Visitors From RUSAL
Kolberg-Pioneer, Inc. (KPI-JCI) recently hosted representatives of the world’s largest aluminum producer, RUSAL, as the company inspected the KPI-JCI SuperStacker it purchased for use in aluminum mines in Guinea (Western Africa). Dmitriy Dvoynin, head of RUSAL International Alumina Division...
Rusal boosts output by 3.5% but considers capacity cut
UC Rusal, the world's largest aluminum producer, boosted aluminum output 3.5% year-on-year to 1.049 million tonnes in the first quarter of 2012, the company said in a statement. However, "in response to continued uncertainty in the global economy, Rusal is currently considering the curtailment of...
Rusal indicates production cut
United Company Rusal, the world’s largest aluminium producer by volume, reported a sharp drop in first-quarter net profit and warned it might start cutting production later this year. Net profit in the three months to March 31 fell 84 per cent to $74m compared with the same period last year as the...
DJ Ukraine ups Alumina Exports by 8.2% in January-March
Ukraine exported 405,910 metric tons of alumina in January-March, 8.2% more than in January-March 2011, the government reported Monday. The exported alumina was worth $154.83 million. Alumina exports in March totaled 134,350 tons, 0.4% more than in February this year and 5.8% more than in March...
