United Company RUSAL declared that it will not expand aluminum production till mid 2011 when it plans to start first capacities at Tayshet and Boguchany Aluminum Plants expecting the supply demand balance in the international market will recover. For full story, click here
Continue reading "RUSAL will not expand aluminum output till mid 2011"
Thursday, June 25, 2009
United Co. Rusal, the Russian aluminum producer controlled by billionaire Oleg Deripaska, declared that it will cut alumina production at its Friguia plant in Guinea by “more than 50 percent” next month. For full story, click here
Continue reading "Rusal will cut aluminum output at Guinean Plant in July"
Friday, May 15, 2009
Russian aluminum producer United Co. Rusal declared that it doesn’t need to deepen output cuts if aluminum prices stay above $1,400 a metric ton, but said prices aren’t expected to recover significantly until 2011. For full story, click here
Continue reading "Rusal declared further cuts in output are not allowed"
Tuesday, April 21, 2009
Russian aluminum giant Rusal declared that its primary aluminum output had dipped 7.2% year-on-year in January-March to 1 million metric tons. For full story, click here
Continue reading "Rusal posted 7.2% dip in Q1 aluminum output"
Wednesday, April 1, 2009
United Company Rusal reported that aluminum prices were bottoming out and that a very crucial recovery was expected in 2011. For full story, click here
Continue reading "Rusal forecasts aluminum upside in 2011"
Thursday, March 26, 2009
Rusal, the world’s largest aluminum producer declared that prices for the metal will surge next year as China’s economy grows and as Western governments use monetary policy and spending to stimulate demand. Mr Artem Volynets Moscow based Rusal’s director of corporate strategy said: I think we will emerge a very different company in two or [...]
Continue reading "Rusal says aluminum prices will rise on spending and output cuts"
Monday, March 23, 2009
Onexim Group, owned by Russian oligarch Mikhail Prokhorov, has increased its stake in United Co Rusal to 18.5% after turning $2 billion of the aluminium producer’s debt to his company into equity. For full story, click here
Continue reading "Onexim raised stake in Rusal to 18.5%"
Wednesday, March 11, 2009
Russia’s heavily indebted aluminum producer, Rusal announced that it has won a temporary reprieve on its debt repayments, after foreign lenders agreed to grant it a two-month extension on US$7.4 billion in loans. The company officials stated: UC Rusal has signed a standstill agreement in relation to the restructuring of its debt to the international [...]
Continue reading "Rusal won a temporary reprive on debt payments"
Monday, March 9, 2009
Unlisted United Company Rusal, the world’s leading miner of alumina and also the biggest aluminium producer, has reported a USD 7.4bn debt standstill, owing to foreign banks, and comprising just over half of Rusal’s total debt of USD 14bn. For full story, click here
Continue reading "Another massive mining debt emerges"
Monday, February 23, 2009
United Company RUSAL will support the initiative of several governments to stabilize the aluminum industry. Mr Oleg Deripaska, GD of RUSAL, said: In fact no one in the world can produce aluminum for USD 1,000, because the sum of basic material costs, including energy and transportation, exceeds USD 1,600. Some 90% of aluminum producers will [...]
Continue reading "RUSAL to support global initiative"
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Tuesday, July 21, 2009