Russia: Rusal revenue down in H1 2019

In January-June aluminum prices at LME dropped by 17.3% YoY, to $1826 per ton. This has become one of the reasons of Rusal revenue decrease by 5.2%, to $4736 million. Sales grew by 13.2%, to 1978 thousand tons, but the average price fell by 15.6%, to $1960 per ton. Alumina sales revenue totaled $340 million,…

Russia: Aleksandrinskaya Mining Company implementing ERP

Aleksandrinskaya Mining Company has started implementing the ERP system. The system allows combining and automating the main processes at the enterprise – from purchasing and technical maintenance of the machinery to finance and personnel management to manufacture planning. The system consists of 7 blocks. It will replace the outdated and segmental sets of accounting programs.…