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 in Talks With Italian Government to Restart Alumina Plant
United Co. Rusal, the world’s largest aluminum producer, is in talks with the Italian government to restart the EurAllumina refinery in Sardinia. Rusal is “exploring various opportunities” to resume operations, the company said in an e-mailed response to queries from Bloomberg. “No exact date for...
Rusal Says 'Senseless' to Invest in Guinea Projects; Current Accords Safe
United Co. Rusal, the largest maker of aluminum, said changes to Guinea's mining laws mean investors will find it "senseless" to agree on new projects for the country, the biggest exporter of the metal's main ingredient. Rusal's current concession to develop the Dian Dian bauxite deposit and...
RUSAL sees China importing aluminum
Russia's RUSAL (0486.HK), the world's largest aluminum producer, expects China to become a net importer of the industrial metal in "some quarters" of 2012, a senior RUSAL official said at the Reuters Russia Investment Summit. "Thus far, China has not become a net importer of aluminum, but only...
Rusal Expects Price of Aluminum to Rise on Demand, Tribune Says
United Co. Rusal, the largest aluminum producer, expects the price of the metal to rise to as much as $2,600 a metric ton in the next few months, supported by transport-based demand,deputy chief executive officer Vladislav Soloviev said in interview with La Tribune. Aluminum’s decline to $2,300 a...
Rusal: Aluminum Producers In Guinea Should Meet Over New Mining Code
Aluminum producers active in Guinea should meet to discuss the implications of the country's new mining code, a senior executive at Russia's United Co. Rusal PLC (0486.HK) said Thursday. "It's too early to know what the new mining code might mean, but there are some issues that are worrying...
Protest Ends at RUSAL Guinea Plant, Ops Normal
Operations at RUSAL's Friguia alumina refinery in Guinea have returned to normal after a protest by former workers blocked rail shipments from the plant, a spokesperson for the company said on Thursday. "The situation has been resolved through negotiations," the spokesperson said.
Rusal Sees Aluminum Demand Staying Firm
The world's top aluminum producer UC Rusal expects global demand for the metal to stay robust despite economic worries in the West, a senior executive said on Thursday. The group see worldwide demand growing by 10 percent in both 2011 and 2012, Vladislav Soloviev, Rusal's first deputy CEO, said....
Rusal sees aluminium prices in $2,500-2,600/t range
The world's top aluminium producer UC Rusal sees aluminium prices in a range of $2,500-2,600/t in 2012, supported by rising production costs. Despite macro-economic uncertainty, higher costs for producers should underpin aluminium prices, Vladislav Soloviev, the group's first deputy CEO, told a...
Russia Regulator Probes Rusal Over Market Abuse Allegation
Russian Federal Anti-Monopoly Service, or FAS, said on Wednesday it has launched an investigation against the world's biggest aluminum producer United Co. Rusal PLC (0486.HK), suspecting the company of abusing its dominant position in the local market. FAS's investigation concerns a Rusal trading...
Former workers block RUSAL Guinea rail shipments
Former workers at RUSAL's Friguia alumina refinery in Guinea have blocked the company's rail shipments to port for two days by sitting on the tracks, protesters and a source with knowledge of RUSAL's Guinea operations told Reuters on Wednesday. The retired workers said they are owed money by RUSAL,...
Russia Suspects Rusal Of Abusing Its Dominant Market Position
Russian Federal Anti-Monopoly Service, or FAS, has commenced a lawsuit against the world's biggest aluminum producer United Co. Rusal PLC (0486.HK), suspecting the company of abusing its dominant position on the local market. FAS has started the lawsuit against a Rusal trading subsidiary, which it...
CRH eyes €400m stake
BUILDING MATERIALS group, CRH, may be close to doing a deal with Oleg Deripaska, the Russian billionaire whose interests include a stake in the Aughinish Alumina plant in Co Limerick. Mr Deripaska is one of Russia’s richest men. Forbes recently estimated his worth at around $10 billion. He is chief...
Increase in Alumina Output - UC Rusal
RUSAL has said it would increase output of alumina, a key material in the production of aluminium, by 8 percent this year after it rose 8 percent to 7.8 million tonnes in 2010.
Strengthening Worldwide Demand For Aluminum Bodes Well For Alcoa
Aluminum prices have been hit hard since April. The aluminum ETF ALUM fell from 16.36 on 4/11/11 to a low of 11.19 on 8/8/11. Aluminum looks poised for a rally. The fundamentals are looking better. Just recently, RUSAL (the world's largest producer of Aluminum) CEO Oleg Deripaska, forecasted strong...
UC Rusal To Up Aughinish Alumina Capacity By 110,000 Tons/Year
As it seeks to be self-sufficient in its raw materials needs, United Co. Rusal PLC (0486.HK) plans to expand the capacity of Europe's largest alumina refinery by 110,000 metric tons, in a project slated for full completion in 2013. The company said Friday that output at Aughinish will reach 2.0...
Aluminium demand to grow by 13% in 2011: RUSAL
Quoting strong fundamentals of Aluminium, RUSAL says that demand may grow by 13% to 46 million tonnes by 2011 and primary Aluminium production will grow approximately 9% to 46 million tonnes. RUSAL is the world’s largest aluminium producer. China and the Middle East are expected to contribute to...
Rusal Agrees $655 Million Credit Line With Gazprombank, $460 Million With Sberbank
United Co. Rusal PLC (0486.HK), the world's biggest aluminium producer, said Monday it had agreed up to $655 million credit line with Gazprombank (GZPR.RS) and a $460 million credit line with OAO Sberbank (SBER.RS), both of which it would spend to refinance its debt to the corresponding banks....
European aluminium alloy stays firm, market eyes financial woes
The output of ARMENAL plant, the only producer of aluminium foil in the Caucasus and Central Asia, totalled 13,110 tons in the first half of 2011, a 8.2% increase as compared with the same period last year. Company’s volume of exports made 12,602 tons, a 4% increase as compared with Jan.-June 2010....
