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 2011 Net Falls 92%; Swings To 4Q Net Loss
United Co. Rusal PLC (0486.HK) swung to a fourth-quarter net loss in 2011, the Russian aluminum giant said Monday, because of lower aluminum prices and high debt-sevicing costs. The company posted a net loss of US$974 million for the October-December period in 2011 compared with a net profit of...
UPDATE 2-Aluminium giant RUSAL's chairman quits, alleges "deep crisis"
The billionaire chairman of Russia's RUSAL Plc has quit, saying the firm faces a "deep crisis" and triggering a halt to trade in shares of the world's largest aluminium maker. Chairman Viktor Vekselberg, a Russian billionaire with an indirect stake in the Hong Kong-listed company, said in...
Rusal to invest USD 6 million in foil plant in Armenia by 2015
Interfax reported that UC Rusal, the world largest aluminum producer, will invest USD 6 million in the modernization of foil producer Rusal Armenal in 2012-2014. The money will be invested in order to increase the plant production to 33,600 tonnes of aluminum foil per year. The plant produced...
Bauxite workers’ dismissal dispute heads to arbitration
An almost three-year-old dispute that led to the controversial sacking of 67 bauxite workers has been sent for arbitration, a statement from the union said over the weekend. According to the Guyana Bauxite and General Workers Union (GB&GWU), it is welcoming the decision of Minister of Labour, Dr....
RUSAL's dismissal of bauxite workers for arbitration
Three years after 62 workers were dismissed by the local subsidiary of Russian Aluminium (RUSAL) and a senior company official had allegedly threatened to assault workers, the Guyana government has decided to take the dispute to arbitration. President of the Guyana Bauxite and General Workers Union...
UC RUSAL's NAZ completes first modernization stage
UC RUSAL (SEHK: 486; Euronext: RUSAL/RUAL; MICEX-RTS: RUALR), the world's largest aluminium producer, is pleased to announce the completion of the first stage of its Nadvoitskiy aluminium smelter's (NAZ) modernization and the increase in alloys production due to the smelter's revamping programme....
China Still Adding Aluminum Smelter Capacity In Spite of Cost Pressures
Alcoa (and the rest of the world) have been waiting for the Chinese to curtail aluminum smelter capacity in the face of weak prices and the high cost of power and raw materials, but the Chinese continue to confound expectations and, as a recent Reuters report underlines, continue to add new...
Rusal Falls in Moscow as Aluminum Futures Decline in Shanghai
United Co. Rusal, the world’s largest aluminum producer, led declines in the Moscow-based Micex Index as aluminum futures fell for a second day in Shanghai. Rusal’s Russian depository receipts dropped 4.1 percent, the biggest intraday decline since Dec. 16, to 247.41 rubles by 12:24 p.m. in Moscow....
Guinea bauxite, alumina output rise in 2011
Guinea's bauxite and alumina output rose in 2011, although work stoppages and softening world demand prevented a larger increase in production, the West African state's government said on Monday. Bauxite production rose more than 9 percent to more than 17.5 million tonnes, while alumina output rose...
UC Rusal aluminum production capacity loss
As a result of aluminum price decline at the end of 2011, a significant share of the world and European primary aluminum capacity has become unprofitable, resulting in partial or total closing of some smelters. In UC RUSAL's view, a further 6% to 8% of global capacity curtailments are to be...
Rusal to boost Siberian aluminium alloy capacity by 800,000 mt/year
Russia's Rusal said Tuesday it to increase its aluminium alloy production capacity in Siberia by 800,000 mt/year to 1.93 million/year by 2016, representing a 70% boost in its Aluminium Division East alloy output. The Russian aluminium producer said it will invest $5 million in 2012 in the upgrade...
UC Rusal updates bauxite production results
UC RUSAL's total attributable bauxite output was 13,473 thousand tonnes in 2011 as compared to 11,798 thousand tonnes in 2010. Output in the Q4 of 2011 decreased to 3,288 thousand tonnes or by 8% as compared to the Q3 of 2011 but increased by 6% as compared to that of the fourth quarter of 2010....
UC Rusal update on alumina production in 2011
UC RUSAL's total attributable alumina output amounted to 8.154 million tonnes in 2011 as compared to 7.840 million tonnes in 2010 an increase of 4%. Alumina output in the Q4 of 2011 increased by 2% to 2.082 million tonnes as compared to 2.049 million tonnes in the Q3 of 2011 and was flat compared...
Rusal Drops in Moscow as Aluminum Prices Fall to One-Month Low
United Co. Rusal (486), the world’s largest aluminum producer, declined in Moscow trading as prices for the light metal dropped to the lowest in a month. Rusal’s Russian depositary receipts lost as much as 2.8 percent in Moscow trading, which would be the biggest fall since Dec. 16, before trading...
‘Red mud’ recycling unit planned for RUSAL smelter
Russia: Russian aluminium giant UC RUSAL is aiming to launch a Euro 15 million alumina production waste recycling facility at its Urals Aluminium Smelter in October 2014. With only 10% of this waste currently recycled and the remainder stored in special disposal areas, this represents a major...
Rusal Plans to Keep First-Quarter Output Stable, Sell Inventory
United Co. Rusal, the world’s largest aluminum producer, plans to keep output stable in the first quarter, and sell some of the stockpiles accumulated last year, as prices rise. "We plan to keep the volume of production stable in the first quarter,” First Deputy Chief Executive Officer Vladislav...
Carbon tax to push alumina refining to China, says Rusal
THE Australian chairman of aluminium giant Rusal has bluntly urged Julia Gillard to suspend the introduction of the carbon tax in the absence of comparable international schemes, warning that it will push alumina refining to China and drive up global emissions. John Hannagan told The Australian...
DJ Rusal: Plans To Raise Alloy Production By Up To 70% By 2016
Russia's aluminum giant United Co. Rusal PLC (0486.HK) Tuesday said it plans an increase of up to 70% of alloy production at its Siberian smelters by 2016. "By 2016 we plan to produce 1,930,000 tons of high value-added products at our Siberian smelters, in order to satisfy consumer' demand. This...
