Rusal

UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces its intention to launch a Russian Depository Receipts (RDR) Programme and to arrange for the listing/the admission to trading of Russian Depository Receipts on CJSC “MICEX Stock Exchange” and OJSC “Russian Trading System” Stock Exchange. The RDR Programme is expected to be launched by the end of 2010, subject to compliance with all relevant regulatory ...

Moscow, 31 August 2010 – UC RUSAL Plc (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces the creation of RUSAL’s Department of Control, Internal audit and Business coordination, which will be headed by Tatyana Soina, who previously served as Chief Financial Officer of RUSAL. Evgeny Kornilov, formerly Chief Financial Officer of X5, has been appointed CFO to RUSAL. RUSAL’s aim to strengthen its position as one of the most ...

RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel ‘MMC’), announced that it has filed a suit against MMC in the Krasnoyarsk arbitration court in connection with its failure to provide the voting ballots used at the annual general shareholders’ meeting, held on 28 June 2010. The management of MMC, contrary to article 91 of the Federal Law on Joint Stock Companies, did not provide RUSAL ...

Moscow, 11 August 2010 – UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer and owner of a 25% stake in MMC Norilsk Nickel, announces the filing of a request for arbitration against Interros to the London Court of International Arbitration (LCIA). UC RUSAL believes that Interros has breached a commitment between UC RUSAL and Interros agreed in November 2008 in respect of OJSC MMC Norilsk Nickel, which aimed to restore fair market value of ...

UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces that it has agreed all the terms of a proposed loan from Sberbank of Russia, which has been approved by Sberbank and is intended to refinance the loan previously provided to RUSAL by Vnesheconombank (VEB). The proposed loan of USD 4.59 billion covers the existing debt to VEB and capitalized interest. It would be for the period up to December 2013 with an option to renew for a further ...

Moscow, 6 August 2010 – UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), 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 in order to elect a new board. The results of the Annual General Meeting of Shareholders (AGM) of MMC Norilsk Nickel (“Norilsk Nickel”) on 28 June, in particular the outcome of the election to the ...

UC RUSAL, the world’s largest aluminium producer and owner of 25% of the shares of MMC Norilsk Nickel, declares that the official results of the meeting of the Board of directors of MMC Norilsk Nickel as announced by MMC in relation to “CREATION OF CONCILIATION COMMISSION” do not correspond to the facts. The Board of Directors of MMC Norilsk Nickel did not decide to create of a “conciliation commission.” Moreover, such a decision could not have been ...

UC RUSAL, (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer and owner of 25% of the shares of MMC Norilsk Nickel welcomed the proposal to publish the 2010 AGM voting papers on the Norilsk Nickel website. We welcome this effort to restore transparency and improve corporate governance at Norilsk Nickel. We believe that the highest standards of corporate governance should be followed and that the proposed information disclosure should not be selective. ...

UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces that the Supervisory Board of Vnesheconombank has approved a financing package amounting to RUR 50 billion (about USD 1.7 billion) for RUSAL and RusHydro to complete the construction of the Boguchanskoye Energy and Metals Complex. Vnesheconomebank will provide a loan to OAO Boguchanskaya Hydropower Plant of RUR 28.1 billion with a tenor of 16 years for the completion of the ...

Moscow, 26 July 2010 – UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces changes in its organisational structure. The current Aluminium and Alumina divisions have each been split into Aluminium and Alumina East and West divisions respectively in line with the geographic location of production facilities and their core products and key markets. In addition, two new directorates have been established: the Commercial Directorate and the ...

UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the restart of operations at its Ewarton Works in Jamaica.  The refinery is part of Windalco, which was mothballed in 2009 due to the global economic downturn. The total capacity of the Ewarton refinery is about 650,000 tonnes of alumina per year.  RUSAL plans to produce about 321,000 tonnes of alumina from the refinery by the end of this year.  As part of its Cost ...

RUSAL, the world’s largest aluminium producer and owner of 25% shares of MMC Norilsk Nickel, intends to convene an extraordinary general meeting of MMC Norilsk Nickel following the announcement of the results of the elections to the Board of Directors of Norilsk Nickel. The outcome of the elections to the Board of Directors of Norilsk Nickel that were held today disturb the balance between the shareholders of Norilsk Nickel. It was the result of manipulation of Norilsk Nickel ...

UC RUSAL, (HKSE: 486, Euronext: RUSAL/RUAL), the world’s largest aluminium producer, announces structural changes in its marketing and sales division and the appointment of Steven Hodgson as International Sales Director. The Company has established a new International Sales Directorate which will be headed by Steven Hodgson, formerly the CEO and President of Rio Tinto Alcan’s Bauxite and Alumina Division. Steven will be responsible for developing UC RUSAL’s ...

On 18 June 2010 UC RUSAL (HKSE 486, Euronext RUSAL/RUAL), the world's largest producer of aluminium and the Federal Grid Company of the Unified Energy System, the operator of Russia's national grid, announce that they have signed an agreement to manufacture new types of cables for overhead power transmission lines. The agreement was signed as part of the investment and innovation programmes currently being implemented by the two companies. The cooperation between the companies is ...

The program of Aluminium: Alloys, Rolled Products and Profiles for Industry and Construction 2d International Conference has been composed. Heads of the leading Russian aluminium companies will speak at the conference. S. Belsky, Sales Director, Rusal, will be one of the key speakers at the conference. S. Belsky was appointed Head of the Sales Department, Rusal in November 2008. Since then he has been responsible for the company’s sales policy and promotion of the ...

In Q1 output of Nadvoitsy Aluminium Smelter increased by 15.7% as compared to a corresponding period in 2009. The smelter resumed production of aluminium alloys for the automotive industry under direct agreements with international partners. Due to positive trends in the aluminium market the management of the Smelter considers a possibility to extend the production program.

UC Rusal announces the appointment of Vladislav Soloviev, who was previously CEO of the En+  Management LLC, to the newly established position of First Deputy CEO of RUSAL. Before joining the EN+ Management LLC, Vladislav Soloviev held various senior executive positions with RUSAL’s financial department for seven years. The management structure has been changed as part of a programme to strengthen the team of top managers and further improve the management system of ...

Guinean appellate court ruled in the company’s favor on its appeal regarding the bauxite and alumina complex Friguia, according to Rusal's press-service. The appellate court held that the Guinean courts lack jurisdiction over the case regarding the Rusal’s asset in Guinea and therefore reversed the ruling issued by the Guinean lower court in September 2009. Rusal views this decision as providing a favourable step toward expanding the long-term and mutually beneficial ...

Production capacities at Site #1 of the Novokuznetsk aluminium smelter (NkAZ, a part of UC Rusal) , which were suspended in March 2009 as part of the anti-crisis Cost Efficiency Leader programme, are restarted. Site #1 has already brought back online 183 pots, with a total of 264 pots expected to be operational by early April. As a result of it, in 2010 the output from NkAZ would reach approximately 253,000 tonnes, 10% more than last year. According to press-service of UC Rusal, ...

UC Rusal has announced today the appointment of Andrey Volvenkin as the head of the Engineering and Construction Division. Andrey Volvenkin has held various executive positions at RUSAL. From 2003 to 2005 he worked as General Director of RUSAL’s in-house Service Centre. From 2005 he has served as the Equipment Manufacturing and Maintenance Director at RusEngineering Co., which is part of RUSAL’s Engineering and Construction Division. In his new position of the head of the ...