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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ALSCON sale: BFIG – RUSAL controversy resonates
The controversy over the 2004 sale of the Aluminum Smelting Company of Nigeria, ALSCON, Ikot Abasi, Akwa Ibom State, resonated yesterday as the original Preferred Bidder in the privatisation process, BFIGroup of America insisted that BPE fraudulently sold the company to RUSAL against its own rules.
HSI shows several large Aluminum Corps tumbled
Stocks dropped again on Monday, sending the benchmark Hang Seng Index (HSI) to its biggest two-day slide since November 2009, after Standard & Poor's cut the US credit rating, raising concern global economic growth will slow. Aluminum Corp of China tumbled 2.7 percent to HK$5.88, and Rusal slumped...
Russian Metallurgy slightly reduced the production of aluminum
According to the Federal State Statistics Service, in the first half of 2011 primary aluminum production in Russia fell by 2%YoY while output based alloys on the contrary increased by 37.4%. As for the half-finished aircraft metal, the statistical data shows mixed results for January to June this...
RusAl Could Get $1.4Bln VEB Loan
United Company RusAl, the world's largest aluminum producer, may get a 40 billion ruble ($1.4 billion) loan for 15 years from state development bank Vneshekonombank to complete the delayed Taishet smelter in Siberia. The Taishet plant, based in the Irkutsk region, is one of RusAl's largest...
UC RUSAL mandates banks to arrange syndicated finance facility
UC RUSAL announced that the company has issued a mandate to arrange an up to USD 4.75 billion syndicated finance facility. The facility proceeds will be primarily used to take out the outstanding debt under the International Override Agreement.
UC RUSAL mandates banks to arrange syndicated finance facility
UC RUSAL announced that the company has issued a mandate to arrange an up to USD 4.75 billion syndicated finance facility. The facility proceeds will be primarily used to take out the outstanding debt under the International Override Agreement.
Rusal Mandates Banks For $4.75B Facility, Step To Dividends
Aluminum giant United Co. Rusal (0486.HK) said Monday it has mandated banks to arrange an up to $4.75 billion syndicated pre-export finance facility, one of the crucial steps on the company's way to a possible start of dividend payment.
DJ Rusal To Borrow Up To $4.75B From International Banks
Aluminum giant United Co. Rusal (0486.HK) said Monday it has mandated banks to arrange an up to $4.75 billion syndicated finance facility. Rusal will use the facility mainly to refinance its debt, which stood at $11.4 billion as of March 31.
Rusal plans to export 240000 tonnes of alloys for automotive industry in 2011
Interfax reported that UC Rusal plans to export 240,000 tonnes of primary foundry alloys in 2011 for the automotive industry. Those exports about to roughly 24% of Rusal total expected alloy exports this year. Rusal is currently in talks with major Korean auto component suppliers Dong Hwa and...
ARMENAL foil-rolling plant to increase output by 7% this year
The Armenian-Russian ARMENAL foil-rolling plant in Yerevan said today it plans to increase output of foil by 7% this year to more than 26,000 tons. ArmenAl, part of RUSAL, the world's largest aluminium and alumina producer, said in a statement it has committed to achieve new goals as its staff...
Rusal Electricity Costs Grew 43% in 1st Quarter, Vedomosti Says
United Co. Rusal’s electricity costs for its aluminum plants grew 43 percent in the first quarter of 2011, Vedomosti reported, citing a company representative. That amounted to a rise of $130 million in the first quarter from the last quarter of 2010, the newspaper said, citing a VTB Capital...
Price journey of aluminium
Set to soften in H2 this year, to be $2,400-$2,600/tn in 2012. Where will aluminium prices be in 2012? According to U C Rusal, the world’s leading producer of the white metal, aluminium prices will rise from the present level of around $2,510 a tonne to anything up to $3,000 a tonne, no matter even...
Aughinish refinery group back in black after two years of losses
THE LARGEST aluminium refinery in Europe, Rusal Aughinish on the Shannon estuary, returned to profit last year after sustaining combined pre-tax losses of $63.6 million (€43.7 million) in 2009 and 2008. A spokesman for the company confirmed yesterday that its 2010 accounts are expected to show a...
Aughinish refinery group back in black after two years of losses
THE LARGEST aluminium refinery in Europe, Rusal Aughinish on the Shannon estuary, returned to profit last year after sustaining combined pre-tax losses of $63.6 million (€43.7 million) in 2009 and 2008. A spokesman for the company confirmed yesterday that its 2010 accounts are expected to show a...
Aughinish refinery group back in black after two years of losses
THE LARGEST aluminium refinery in Europe, Rusal Aughinish on the Shannon estuary, returned to profit last year after sustaining combined pre-tax losses of $63.6 million (€43.7 million) in 2009 and 2008. A spokesman for the company confirmed yesterday that its 2010 accounts are expected to show a...
Rusal Holds Talks With Guinea to Develop Bauxite Deposit
United Co. Rusal, the world’s largest aluminum producer, said it’s in talks with the government of Guinea on terms to develop the Dian Dian bauxite deposit. The African nation’s government plans to introduce new rules on mining concessions, Vladislav Soloviev, first deputy chief executive officer...
Aluminum price to climb to USD 3000 per tonne next year - UC RUSAL
Mr Vladislav Solovyov the deputy chief executive of Russia’s United Company RUSAL predicted that the international aluminum prices would climb to USD 2,700 per tonne to USD 3,000 per tonne next year driven by increasing demand from global market, the recovery of global economy and the rising prices...
Rusal Forecasts 2011 Aluminum Price at $2,600 to $2,800
United Co. Rusal, the world’s largest aluminum producer, said prices will average between $2,600 and $2,800 a metric ton this year. Rusal’s First Deputy Chief Executive Vladislav Soloviev announced the prices to reporters in Hong Kong today. The price for three-month delivery has averaged $2,575 a...
