Russia: Rusal places second bonds in 2019

Rusal has placed another tranche of 10-year bonds with maturity in 3.5 years at the Moscow Stock exchange with the nominal volume of 15 billion rubles. The interest rate was 8.6%. 37 requests have been received. In April Rusal placed the first tranche of bonds with the volume of 15 billion rubles for 10 years.…

Russia: Rusal exports up in H1 2019

In January-June Rusal increased aluminum exports by 18% YoY, to 1.5 million tons.

In June exports fell by 16.7%, to 243.87 thousand tons.

Last year Rusal received $1.7 billion of net profit, up by 39% YoY. (Ukrainian metal)

Russia: Rusal to place 15-billion ruble bonds

Rusal Bratsk intends to place bonds valued at 15 billion rubles.

In particular, the company will place 15 million notes with the nominal value of 1 thousand rubles each.

The maturity will be 10 years. (Ukrainian metal)

Russia: Rusal passes ASI certification

Three Rusal companies have passed a certification according to the standards of the Aluminium Stewardship Initiative (ASI). The certification will help improve the manufacturing-sales network. Bauxite of Timan, Ural Aluminum Works and Irkut Aluminum Works have successfully passed certification according to ASI Performance Standard and ASI Chain of Custody Standard. Rusal intends to certify all…

Russia: RUSAL reregistering business in Kaliningrad

Russian aluminum producer RUSAL is reregistering the business in a special administrative zone in Kaliningrad, Yelena Bezdenezhnykh, vice-president for regional policies and government relations, said at the St. Petersburg International Legal Forum. “RUSAL is relocating to Kaliningrad, as you know, there is reregistration,” Bezdenezhnykh said. “In this case this is one of the good examples…

Russia: Rusal profit down in Q1 2019

In January-March, Rusal received $2.17 billion of revenue as opposed to $2.74 billion in Q1 2018.

The decrease is due to the drop of aluminum prices by 13.9%, to $1859 per ton.

EBITDA fell by 60.5%, to $226 million.

Net profit decreased by 49.8%, to $273 million. (Ukrainian metal)

Russia: Rusal output down in Q1 2019

In January-March, Rusal decreased aluminum manufacture by 0.3% YoY, to 928 thousand tons. Siberian plants accounted for 93% of the aluminum manufactured. Sales totaled 989.6 thousand tons, with high-added value products sales down by 22.2%, to 259 thousand tons. Average price decreased by 7.8% QoQ, to $1949 per ton. Aluminum foil and packaging production dropped…

Russia: SUBR bauxite output down in Q1 2019

In January-March, Severouralsk Bauxite Mine, a part of Rusal, decreased output by 15.3% QoQ, to 529 thousand tons of bauxites. In Q4 2018 the output was 625 thousand tons, and in Q1 2018 – 555 thousand tons. Another Rusal asset – Uralskaya Folga – increased manufacture by 31% QoQ, to 5.5 thousand tons of aluminum…

Russia: RUSAL and Braidy Industries to construct a greenfield aluminum rolling mill in Kentucky

RUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…