Rusal. June

UC Rusal announced that its Board of Directors has approved the main terms and conditions of a new pre-export finance facility in the amount of up to US$4.75 billion with a club of international lenders. The facility proceeds will be primarily used to fully take out the outstanding debt under the International Override Agreement, entered into by the Company on 7 December 2009, and to repay Onexim liabilities. Any balance to be applied towards partial prepayment of the Russian ...

UC Rusal announces the launch of a project for the extraction of low iron bauxite in the Republic of Komi by Timan Bauxite, a subsidiary of the Company. Future bauxite production is estimated at 250,000 tonnes per year. Bauxite will be extracted by open-cut mining at the Middle Timan bauxite deposit. Timan Bauxite will launch preparatory works at the new mine in order to produce the first 90,000 tonnes of bauxite by 2012. ‘This is a new kind of production for us. Previously, ...

UC Rusal announces the start of a joint project with GAZ Group to develop new machinery for the aluminium industry. The prototypes will be tested by Rusal's Siberian facilities in September. GAZ engineering division specialists are developing a pot crust breaking machine, metal handling trucks, alumina loading machines, and a stud cleaning unit. This project is a part of the large-scale modernisation programme held at Rusal’s operations and provides for the utilisation of ...

Court of arbitration of Krasnoyarsk Territory dismissed the claim of UC Rusal Investment Management LLC against Corbiere Holdings Ltd., Raleigh Investment Inc., Trafigura Beheer B.V., Bank of New York International Nominees, Bank of New York Mellon, OJSC MMC Norilsk Nickel, OJSC Norilsk Combine and OJSC Kola MMC. The proceedings are dismissed as the plaintiff abandoned the claim. As previously reported, the proceedings No. À33-266/2011 following the claim of UC Rusal Investment ...

UC Rusal announces the reduction in interest margin payable under the International Override Agreement (IOA) from 4.5% to 4%. The reduction in the interest margin in accordance with the IOA has been triggered by the Total Net Debt to covenant EBITDA ratio falling below 4:1 based on the Company’s results for the first quarter of 2011. Also the share of capitalized interests reduced from 2.25% to 1% in favor of the interests paid in cash (from 2.25% to 3%). In accordance with the ...

UC Rusal announced the launch of environmental modermisation at four of its plants. The total investment into these projects is expected to amount to RUR5.5 billion (approx. USD200 million). New environmental projects have started at three Urals plants – the Bogoslovsky Aluminium Smelter, the Urals Aluminium Smelter, the Urals Silicon Plant, and at the Achinsk Alumina Refinery (AAR) in Siberia. At AAR gas purification systems of sintering furnaces #5 and #6 will be ...