Rusal

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

UC RUSAL, the world’s largest aluminum producer, announced execution of a share purchase agreement with China North Industries Corporation (NORINCO) under which it has agreed to purchase a 33% stake in a company Shenzhen North Investments Corporation Limited (Shenzhen North Investments), a trading affiliate of NORINCO specializing in aluminum, alloys and other non-ferrous metals. This acquisition will enable RUSAL to take an active part in the strategic and operational ...

UC RUSAL, world's largest aluminum producer, and JSC Gazprom Neft announced signing of the five-year supply contract for up to 1,000,000 tons of electrode petroleum coke. The contract comes into effect on 1 January 2012. The coke is to be supplied by Omsk Refinery (Gazprom Neft subsidiary). It is the first long-term supply contract between the parties, the previous contracts did not exceed two years. The deal will provide stable high-quality coke supply for RUSAL and long-term ...

UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX: RUALR, RTS: RUAL), world’s largest aluminum producer, announced the Shanghai Futures Exchange registration of RUSAL’s IRKAZ SUAL and RUSAL KH brands produced at the Irkutsk and Khakas aluminum smelters. The aluminum products are now deliverable against the SHFE Aluminum Contract. The registration at the SHFE represents a significant step in the Company’s strategy to secure its long term presence in the Asian, and in ...

UC RUSAL, the world’s largest aluminum producer, joined the non-commercial partnership “Community of buyers of wholesale and retail electricity markets” (non-commercial Community of electricity markets buyers). UC RUSAL is the largest electricity consumer in Russia, accounting for about 7% of total electricity consumption of the country. The company’s participation in partnership is especially important, against the background of the electricity tariffs ...

UC RUSAL, world’s largest aluminum producer, and GAZ Group, Russia’s largest automotive engineering holding, announced signing a supply contract for special machinery produced by GAZ Group in the framework of a joint project with RUSAL targeting aluminum production needs. In 2012 RUSAL plans to acquire from GAZ Group 11 pot crust breaking machines, 18 alumina loading machines, and 12 metal handling trucks. These vehicles were highly esteemed during a recent testing at ...

UC RUSAL, world's largest aluminum producer, announces the start of the joint France-Russian educational program in Groupe des Ecoles des Mines (GEM, France) and Siberian Federal University (SFU, Russia) supported by French Embassy in Russia to train non-ferrous metallurgy specialists for the Company. Ten students from Krasnoyarsk will be the first participants of the program, the education costs amount to RUR 9 million. The signing of the documents on quadruple cooperation took place ...

UC RUSAL, world's largest aluminum producer, announceâ it plan to undertake redesign of the Volkhov aluminum smelter (VAS) aimed at production of aluminum alloys for automotive industry. New equipment is currently being installed at the smelter. The cast house production capacity will reach 24,000 tons of aluminum alloys annually that meets VAS primary aluminum production capacity. The new facility will create an additional 250 jobs and was made possible through the help of the ...

UC RUSAL, the world’s largest aluminum producer, and the Hong Kong University of Science and Technology are honored to invite Dr Jim O’Neill, Chairman of Goldman Sachs Asset Management – the renowned economist who coined the prominent BRIC concept – to conduct his very first public lecture in Hong Kong at the UC RUSAL President’s Forum. Dr O'Neill will present his views on the changing dynamics of the world and the rapid rise and importance of BRIC countries, ...

RUSAL, the world’s largest aluminum producer announced the refinancing of its debt portfolio totaling USD 11.4 billion. During the refinancing process, the Company has taken out its outstanding debt under the international facilities governed by the International Override Agreement entered into by RUSAL and international lenders on 7 December 2009, to the amount of USD 4.34 billion and Onexim Group liabilities to the amount of USD 552 million. The repayment was made on October, ...

UC RUSAL, the world’s largest aluminum producer, announces signing of all agreements with its major lenders in relation to the debt refinancing totaling $9.33 billion. In particular, on 23 September 2011, the Company and Sberbank of Russia signed an amendment to the $4.58 billion loan agreement effective immediately. This amendment includes extension of the maturity of the loan until September 2016 and the cancellation of the Vnesheconombank (VEB) guarantee. On 29 September ...

UC RUSAL, the world’s largest aluminium producer, is pleased to announce that it has entered into an agreement to acquire a 35% stake in the Alumina Partners of Jamaica, (“Alpart”) from Norway’s Norsk Hydro ASA. Following completion of the USD46 million deal, Alpart will be 100% owned by RUSAL. The acquisition is in line with RUSAL’s strategy to develop the Company’s own reserve base as it looks to be self sufficient in raw materials. Nearly 5% of ...