Russian aluminum producer RUSAL has suspended the works in Guyana due to unrest in the country. “As a result of serious illegitimate actions that have gone beyond the control of government and enforcement agencies, including arson of the electricity pylon basement and other corporate property, and blocking of the river, RUSAL considers it prudent to…
The stake of multi-industry holding En+ Group in the Russian aluminum giant UC RUSAL has grown to 56.88% following the closure of an asset swap with Swiss trader Glencore, En+ Group said in a statement on February 3. “The company announces conclusion of the second stage of the agreement on a swap of securities with…
Rusal has commissioned 5 autoclaves valued at 40 million rubles at the Uralsky Aluminum Works. Until the end of 2032 the company intends to additionally invest some 600 million rubles in the autoclave replacement. In particular, Rusal plans to purchase 53 new autoclaves. At present the works operates 87 autoclaves, united in 11 batteries. Uralsky…
Until 2034 Rusal intends to commission a plant to produce alumina of kaolin ore with the capacity of 1 million tons. Until 2023 at the Achinsk Alumina Plant a trial manufacture of alumina of kaolin ores will begin. And until 2034 the full-scale production will start. The plant will be situated close to kaolin ore…
In 2017-2019 Rusal invested some 2.6 billion rubles in modernization of Bogoslovsky Aluminum Works and Bogoslovskaya Thermoelectric Plant. In particular, the company has finished the project to modernize alumina manufacture, resulting in the output increase by 55 thousand tons with a considerable drop in prime cost. The thermoelectric plant sees its main machinery repaired. (Ukrainian…
The net profit of the Russian aluminum giant UC RUSAL fell by 47.4% YoY, to $819 million in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on November 8. The adjusted net loss amounted to $132 million after an adjusted net profit of $873 million a year ago.…
Rusal has issued ruble bonds with the volume of 15 billion rubles, with maturity in 10 years and an offer in 3 years. The coupon rate was record-low for the company – 7.45%. So far this year Rusal has issued bonds for 60 billion rubles. Each issue saw its coupon rate falling – from 9%…
Rusal Kremniy-Ural intends to suspend the operation because of the unprofitability. “Under the stable trend of global silicon prices decrease, its manufacture in Russia becomes very unprofitable. That is why from December 1 we will suspend the manufacture of the silicon in the Urals until the prices are stabilized”, a Rusal representative noted. At present…
