News. Russian non-ferrous metallurgy news

RUSAL, the world’s largest aluminium producer, is pleased to announce that it has entered into an agreement to acquire 50% of OOO “Yaroslavsk GRK” (Yaroslavsk Mining Company) from Russian Mining Company (RGRK). Following completion of the deal, Yaroslavsk GRK will be 100% wholly owned by RUSAL. The acquisition is in line with RUSAL’s strategy to develop the Company’s own resource base as it looks to be self sufficient in raw materials. The deal remains ...

As reported on Renova official website the government of the Samara Region and the Renova Group have signed an investment agreement for reconstructing and modernizing the Kurumoch Airport in Samara, an Interfax correspondent at the signing ceremony reported. Samara Governor Vladimir Artyakov said that the airport's modernization is a solid example of a public-private partnership. The investor plans to invest over 12 billion rubles in the development of the Kurumoch Airport. The ...

RUSAL, the world’s largest aluminium producer, announces the development and launch of a unique magnetic hydrodynamic mixer which will enable the Krasnoyarsk aluminium smelter’s cast house to extend its alloy product range. The cost of the new equipment amounts to USD 2 million. The magnetic hydrodynamic mixer will enable the Krasnoyarsk aluminium smelter (KrAZ) to produce 1000, 3000, 5000 and 8000 series alloys and to increase the production quality. In particular, the ...

Norilsk Nickel began to implement own cobalt production line construction project. As the result the Company shall create the only Russian industrial production line of highest grade cobalt electrolyte, world class high quality product. At the moment, the main cobalt product of Cobalt Electrolysis Shop, OJSC MMC Kola (the subsidiary of the Company) is cobalt concentrate. This intermediary product is the raw material for further processing into commercial cobalt products, which are ...

RUSAL, the world’s largest aluminium producer, is pleased to announce the completion of negotiations with its lenders regarding an option to introduce a covenant holiday in 2012-2013. RUSAL has agreed with its lenders to amend the current terms of the credit facilities to better reflect the global market environment. In particular, the Company now has the option to introduce a 12-month covenant holiday, starting from any quarter in 2012. In addition, the definition of the ...

The Board of Directors OJSC MMC Norilsk Nickel by a majority of votes has approved key parameters of the Company’s budget for 2012. The Budget approval is the first step in realization of the Company’s production and technical development strategy till 2025. The budget of 2012 provides for a large-scale investment program that exceeds USD3 bln dollars, aiming further development of concentrating and metallurgical production, modernization of fixed assets and development ...

RUSAL’s Nikolaev alumina refinery has delivered a record annual production level of 1.6 million tonnes of alumina during 2011. These record levels were reached following a USD350 million CAPEX programme that has been undertaken at the refinery since 2000, resulting in significant upgrades to the refinery’s facilities. In particular, the lime burning kiln has been reconstructed with its conversion to heating gas, fifth calcination kiln has been built and the captive power ...

RUSAL, the world’s largest aluminium producer, and RUSNANO announce that RUSAL’s IRKAZ, an aluminium smelter based in Irkutsk, and specialists from RUSAL’s Engineering and Technology Center, have successfully tested Nanocomp Metcast, nanocoatings developed by RUSNANO’s project company ItN Nanovation AG (Germany). Nanocomp Metcast are innovative nanocoatings tailored to casting machinery. They extend the service life of molds and lengthen the intervals for ...

Norilsk Nickel announces the start of Nadezhda Metallurgical Plant (NMP) modernization program, which will be implemented as part of the Group’s 2025 production and technical development strategy (approved by the Board of Directors on October 27). The goal of NMP modernization is to reduce operational expenses by decommissioning obsolete smelting and refining units of the Company’s Polar Division as well as increase saleable output by increasing recovery rate from matte ...

RUSAL, world’s largest aluminium producer, is pleased to announce that RUSAL’s Engineering and Technology Center jointly with Siberian Federal University created a technology to produce aluminium alloys containing rare earth metals and transition materials, as well as developed efficient equipment for its implementation. The project will enable the Company to produce alloys for heavy-duty electric cables capable to transmit 1.5 times more electricity than modern power ...

RUSAL, the world's largest aluminium producer, announces its results for the third quarter ended 30 September 2011. Key highlights Revenue increased by 16.8% to USD3,162 million for the three months ended 30 September 2011, as compared to USD2,708 million for the same period of 2010, mainly due to an increase in sales prices and a record level of realised premiums of USD164 per tonne over the LME aluminium price. Adjusted EBITDA increased by 25.0% to USD705 million for the ...

The in-person meeting of the Board of Directors of MMC Norilsk Nickel (the Company or Group) was held today. The Board decided to hold two extraordinary general meetings of the Company’s shareholders (voting in-absentia). On February 1 2012, the EGM will consider the introduction of amendments to the Company’s Charter. The amendments should bring the criteria of directors’ independence in accordance with best international corporate practice. On February 3, ...

Renova group, one of the biggest private Russian conglomerates, headed by Viktor Vekselberg, with substantial presence in oil, energy, utilities, telecoms, mining and other sectors, including shareholding in the world's biggest aluminum producer Rusal, and in one of the world’s top-ten private oil producers TNK-BP, owns in South Africa the Transalloys manganese smelter in Mpumalanga and 49% of the United Manganese of Kalahari (UMK) manganese mine in the Northern Cape. Renova’s ...

MMC Norilsk Nickel notes announcement by Norilsk Nickel Investments Ltd. that NN Investments has completed settlements with respect to its previously-announced offer to purchase up to 14,705,882 of the issued and outstanding shares of common stock of Norilsk Nickel, nominal value 1.00 ruble per share (“Common Shares”), including American Depositary Shares (“ADSs”) representing Common Shares of Norilsk Nickel at US$306.00 (its equivalent in Russian rubles) per ...

RUSAL considers it necessary to make the following statement. RUSAL is satisfied with the results of the Government Commission session dedicated to analysis of the situation at the Bogoslovsk aluminium smelter and development prospects of the whole Urals aluminium production cluster. The Company has always emphasized that the key condition for stable operations of aluminium smelters is energy supply tariff enabling competitive production. Joint consultations held during the ...

Norilsk Nickel (the Company or the Group) announces that the Company will develop its mineral resource base program within the framework of the Technical and Operational Development Strategy till 2025, approved by the Board of Directors on October 27 2011. The total investment into the development of the Company’s mineral resource base including development of the existing mining assets and construction and commissioning of new mines will reach USD10.9 billion. The Company ...

Norilsk Nickel has successfully re-certificated its integrated quality and environmental management system (IQEMS) for compliance with requirements of ISO 9001:2008 and ISO 14001:2004 international standards. First IQEMS certification was performed in 2005. The re-certification audit was carried out by an independent certification body Bureau Veritas Certification Rus at the following sites: Head Office (Moscow), Polar Division (Norilsk), Polar Transport Division (Dudinka) and ...

UC RUSAL, world’s largest aluminum producer, announced the completion of redesigning of the Volkhov aluminum smelter (“VAS”) and the increase of its production capacity as a result of redesign. Total investment to the project amounted to USD 3 million. VAS completed the installation of new equipment in the cast house enabling the smelter to start a large-scale production of alloys and increase the casting capacity from 24,000 tpa to 32,000 tpa. The share of alloys ...

MMC Norilsk Nickel, JSC informs that pursuant to the Strategy of Production and Technical Development until 2025 adopted by the Board of Directors of the Company on October 27, 2011, MMC Norilsk Nickel implements the program of gas supply facilities development. In particular, the Strategy provides for the further development of the gas system – the construction of operational gas wells and arrangement of Pelyatka Gas Condensate Field in order to secure sufficient gas production ...

MMC Norilsk Nickel, JSC informed that the Company’s President Mr. Andrey Klishas won the highest legal award of the Russian Federation Lawyer of the Year – 2011. Legal Education and Upbringing Award went to Mr. Klishas and Sergey Shakhray, the Head of Executive Office of Russian Audit Chamber, for the joint authorship of the Russian Federation Constitutional Law textbook. The award giving ceremony will be held on the Lawyer’s Day professional holiday, December 3. ...