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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Russian alumina giant warns on carbon tax
THE Australian arm of Russia's Rusal, controlled by billionaire oligarch Oleg Deripaska, has warned Canberra that the proposed carbon tax could jeopardise future investments, including in the huge Queensland Alumina refinery near Gladstone on the central Queensland coast. In a recent submission on...
UC RUSAL sees aluminum price at USD 2800 per tonne by end of 2011
Mr Vladislav Solovyov deputy CEO of Russia’s United Company RUSAL said that the aluminum prices would raise to USD 2,700 per tonne to USD 2,800 per tonne by the end of 2011 due to recovery of global economic condition and producers' rising costs. UC RUSAL is the world's largest aluminum company...
Rusal Targets 30% China Aluminum Market in 5-10 Years
Russian billionaire Oleg Deripaska’s United Co. Rusal aims to boost deliveries of aluminum to China as demand is growing in the Asian country. “We hope that Rusal will occupy at least 30 percent of China’s market in the next five to 10 years,” Artem Volynets, chief executive officer of Deripaska’s...
Rusal vets Fiji for alternative bauxite
Mr Oleg Deripaska's Rusal, the world's biggest aluminum producer, has given Rio Tinto food for thought on the future mix of bauxite supplies to their Queensland Alumina Limited JV at Gladstone in Queensland. Rusal has thrown up the potential for Fiji to become a new source of bauxite to cover its...
Aluminum producers buoyant on Russian demand outlook
Over the last year aluminum prices have increased from USD 1800 to more than USD 2600 per tonne with major manufacturers seeing further upside ahead. The World Bureau of Metal Statistics said that in the Q1 of 2011, global demand for aluminum in the world amounted to 10.07 million tonnes, 360,000...
LME year end aluminium stocks over 4 million tonnes - UC Rusal
Reuters reported that UC Rusal expects no significant fall in London Metal Exchange warehouse aluminium stocks currently well above 4 million tonnes by the end of 2011. Mr Steve Hodgson CEO of the Russian aluminium producer's marketing unit said that “It is interesting that we saw stocks peak at a...
Glencore to lift the lid some more
The world will get a further insight into the workings of Swiss-based global commodities trader Glencore International when it outlines its business dealings for the first three months of 2011 on Tuesday (4 pm Sydney time, June 14). It will be the first interim management statement since Glencore...
Buying bagged alumina for Siberia smelters costly for Rusal: source
The Khakas Republic has reconnected a broken railway bridge across the Abakan River, paving the way for Russia's Rusal to resume deliveries of bulk alumina to its aluminum smelters in Siberia, a source familiar with the plants' operations said Tuesday. After the bridge collapsed on May 7 Rusal...
No evidence Russian manager threatened workers – Rusal probe finds
The committee appointed by Rusal to examine complaints by bauxite workers against its local General Manager Ruslan Volokhov said it found no evidence that Volokhov engaged in racist behaviour or issued threats of physical assault to workers. However, the Board of Directors of the company, based on...
No evidence Russian manager threatened workers – Rusal probe finds
The committee appointed by Rusal to examine complaints by bauxite workers against its local General Manager Ruslan Volokhov said it found no evidence that Volokhov engaged in racist behaviour or issued threats of physical assault to workers. However, the Board of Directors of the company, based on...
World's Biggest Aluminum Maker Sees Price at $2,700
Aluminum will average $2,700 per ton for the year, the deputy chief executive of Rusal, the world’s largest aluminum company, told CNBC in an interview Friday. "I personally think there will be a $2,700 average for this year for aluminum," Maxim Sokov, deputy to Russian tycoon Oleg Deripaska at...
UC RUSAL aims to reduce skilled labor scarcity in Guinea
UC RUSAL announced that the launch of a unique education program the RUSAL Scholarship 2011. The RUSAL Scholarship will provide 100 talented young Guineans aged between 18 and 25 the opportunity to be educated in Russia’s best universities. All accommodation, transportation costs and tuition fees...
Surging aluminum output bad news for consumers
Reuters reported that global aluminum output surged to a fresh all time high of 118,800 tonnes per day in April after a slight drop in March. Global production was running at an annualized 43.35 million tones last month, representing a near million tonne increase from the previous record of 42.39...
RUSAL may cut aluminum output in 2011
Reuters reported that Russia's UC RUSAL might cut its 2011 metal output forecast by less than 0.5% this year due to supply problems at two Siberian smelters. The company said that in connection with the collapse of the railway bridge over the Abakan River in Khakas region that was used to deliver...
RUSAL may cut aluminium output by 0.5 pct in '11
The world's top aluminium producer, Russia's UC RUSAL (0486.HK: Quote), said on Thursday it might cut its 2011 metal output forecast by less than 0.5 percent this year due to supply problems at two Siberian smelters. "In connection with the collapse of the railway bridge over the Abakan River in...
Kyiv court nationalizes Rusal's factory
The Ukrainian government says the world's largest aluminum producer hasn't fulfilled its investment obligations. A Ukrainian court claims to have renationalized a Zaporizhya-based aluminium smelter owned by Russia’s Rusal, the world’s largest aluminium producer, allegedly for failing to fulfill...
UC Rusal plots Cameroon bauxite deal
A delegation from UC Rusal has visited Cameroon with the aim of securing its supply of bauxite. As a result of the visit, RUSAL expressed its intention to undertake a feasibility study of various metals and mining projects in Cameroon, as well as the development of necessary transport...
Under pressure in Guinea, RUSAL eyes Cameroon's bauxite
UC RUSAL (0486.HK: Quote), the world's biggest aluminium producer, is keen to invest in Cameroon as part of its efforts to diversify its sources of bauxite, the firm said on Wednesday. Yakov Itskov, director of RUSAL's international division, cited a new government and a mining review in Guinea,...
