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 may halt or sell Ukraine plant, power costly
... Ukraine's only primary aluminium maker ZALK, owned by the world's biggest aluminium producer UC RUSAL (0486.HK: Quote), could be sold or stop production because of high electricity costs, the company said on Tuesday. ...
The Minister should test the bauxite dispute issues at arbitration
... The dispute between GB@GWU and RUSAL was allowed to drag on for over a year and the Ministry of Labour should take some responsibility since the issues fall within the grievance procedure under the Collective Labour Agreement and should be treated as such. ....
RUSAL and ministry of energy agree on wholesale electricity market?
... UC RUSAL the world’s largest aluminium producer and the ministry of energy of the Russian Federation announced that the terms and conditions governing the purchase by the company’s smelters of energy on the wholesale market due to energy providing agreements entering into effect in Russia have...
Nadir flays RUSAL-owned bauxite company for `gross disregard’
... the RUSAL-owned bauxite company accusing it of gross disregard for the laws of Guyana following its refusal to attend a meeting with the union, GBGWU, and warned that compulsory arbitration could be invoked. ...
Russian bauxite company snubs industrial dispute meeting
... The RUSAL-owned Bauxite Company of Guyana Inc. (BCGI) Inc. today failed to show up at a scheduled meeting between the Guyana Bauxite & General Workers Union (GB&GWU) and the Assistant Chief Labour Officer. ...
UPDATE 1-RUSAL Rejects Offer to Sell Norilsk Stake for $12Bn
UC RUSAL (0486.HK: Quote) on Tuesday rejected an offer to sell its 25 percent stake in Norilsk Nickel (GMKN.MM: Quote) to the Russian mining giant for $12 billion,... Investors were also encouraged by the the world's top aluminium producer hiring Bank of America Merrill Lynch to value its Norilsk...
Norilsk Nickel may raise offer price for RusAL's stake
... Russia's largest nickel miner Norilsk Nickel is ready to discuss paying more than the $12 billion it has already offeredfor its 25% stake, held by the world's top aluminum producer RusAl, Norilsk Nickel said on Monday. "We are aware that the deal is supported by two RusAl shareholders - M.D....
UPDATE 2-Norilsk Nickel Says 2 RUSAL Investors Back Stake Bid
... Russian miner Norilsk Nickel (GMKN.MM: Quote) said UC RUSAL (0486.HK: Quote) shareholders Mikhail Prokhorov and Viktor Vekselberg back its offer to buy the aluminium giant's Norilsk stake, lending weight to the $12 billion bid. The world's largest nickel and palladium miner, which has given...
Rothschild Says Rusal's Norilsk Stake Worth About $15 Billion
... Rusal’s stake in OAO GMK Norilsk Nickel is worth at least $15 billion, said Nathaniel Rothschild, chairman of the holding company for billionaire Oleg Deripaska’s Rusal shares. That’s $3 billion more than Norilsk bid for the stake last week.
RusAl used greenmailed to get higher price for stake - Norilsk
... aluminum producer RusAl is using greenmail to get a higher price for its stake in Russia's largest nickel miner Norilsk Nickel by requesting an emergency shareholders' meeting. ... The move followed last week's offer by Norilsk to buy RusAl's 25% stake for USD 12 billion. ....
RUSAL comments
... We are not familiar with the terms and conditions of this deal as long as it has not been discussed at the meeting of the Board of Directors of Norilsk Nickel. We do believe that the sale of quasi-treasury shares is positive for the company, ...
RUSAL announces finalizing terms of US$300 million trade finance
... the world’s largest aluminium producer, announces that it has agreed the main terms and conditions of the trade finance line in the amount of up to US$300 million with a club of international banks. ... the company to finance primarily the exports of aluminium. It is also the first time for the...
UCRUSAL requests Extraordinary General Meeting of Norilsk Nickel’s shareholders
... the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announces that it has requested an Extraordinary General Meeting of shareholders (“EGM”) of MMC Norilsk Nickel (“MMC”, “Norilsk Nickel”) in order to elect a new board. ....
UC RUSAL’s RDRs start trading on MICEX and RTS
... world’s largest aluminium producer, announces that the Company’s Russian Depository Receipts (”RDRs”) have started trading on MICEX (RUALR) and RTS (RUAL) stock exchanges today. ...
RUSAL aims to refinance $11.7 billion debt in 2011
... RUSAL, the world's largest producer of aluminium, aims to refinance $11.7 billion in debt next year, starting a fresh chapter in the company's hard-fought restructuring,... RUSAL restructured around $17 billion in total debt after the global credit crisis pushed it to the brink of disaster.
Rusal to Keep Discussing Norilsk Buyout Offer
...Russian aluminum producer United Co. Rusal PLC's board committee decided to continue considering an offer from mining giant OAO Norilsk Nickel to buy Rusal's 25% stake in the miner, the company said Wednesday...
RUSAL prices alumina using spot index from now on
...Russian aluminum producer RUSAL has priced all of its alumina deals using an index based on the spot market since June, and will continue to do so from now on, said its international alumina chief. In a recent interview with Reuters, Aleksey Gordymov Commercial Director of United Company RUSAL's...
UC Rusal secures loan from international banks
...UC Rusal has agreed upon the main terms of a trade financing deal in the amount of $300m with a pool of international banks, the Russian aluminum and alumina giant indicated in a statement today. BNP Paribas, ING, Natixis, Credit Agricole, Societe Generale and UniCredit are expected to act as...
