In July-September Rusal produced 942 thousand tons of aluminum, up by 0.4% QoQ. Plants situated in Siberia accounted for 93% of the output. Sales grew by 0.8%, to 1091 thousand tons. In particular, sales of high-added value products increased by 3.9%, to 430 thousand tons. In January-September aluminum manufacture remained unchanged at 2809 thousand tons,…
Rusal has received a syndicated pre-export financing loan of $1.085 billion for 5 years. The initial amount of the loan was $750 million. The funds will be used to partially refinance the current PXF loan for $2 billion, received in May 2017. (Ukrainian metal)
In 10 years Rusal has processed and sold over 50% of aluminum waste generated by its companies. The processing of alumina sludge accounted for some 10%, which made Rusal the major global processor. The group has a goal of selling all its wastes. Now Rusal is testing an innovative technique to process red sludge, the…
Russian aluminum giant UC RUSAL and power producer Unipro have agreed on direct power supplies with a discount to the market in order to settle their judicial dispute over the Berezovskaya GRES plant. Through the discount Unipro will compensate the entire sum of the suit of 386 million rubles, while RUSAL will agree not to…
Rusal is preparing to transfer a part of its central office employees from Moscow to Krasnoyarsk. In 2019-2020 over 300 employees will be relocated. Krasnoyarsk region hosts Rusal’s largest assets – Krasnoyarsk and Boguchanskiy Aluminum Plants, Achinsk Alumina Plant as well as plants to produce car discs. The relocation of the central office employees to…
Russian aluminum producer RUSAL plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on September 5, a banking source reported. The first coupon guidance was set at 8.50-8.65%, which corresponded to an 8.68-8.84% yield to 3-year put. RUSAL Bratsk will be the issuer. Technical placement is preliminarily scheduled for September…
In January-June the net profit of Rusal totaled $625 million, not $558 million as reported previously. The company has recalculated the H1 financial figures. Thus, profit decreased by 34% YoY. In Q2 net profit totaled $352 million, not $285 million, up by 28.9% QoQ. (Ukrainian metal)
A rock slid in the Novo-Kalyinskaya mine of the North Urals Bauxite Mine (SUBR), a subsidiary of Russian aluminum giant UC RUSAL in the Sverdlovsk region, blocking one miner, a spokeswoman for the regional Prosecutor General’s Office reported. “It was preliminarily established that a rockburst happened in the Novo-Kalyinskaya mine owned by JSC SUBR, a…