Russia: Rusal to invest $200 million in Tayshet construction

In 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant.

“We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said.

Last year Rusal was building Tayshet with its own funds.

The new commission time is now Q4 2020. (Ukrainian metal)

Russia: Rusal expecting domestic aluminum consumption to grow

According to Rusal, in 2018 Russian aluminum consumption increased to 1 million tons.

The company intends to help the Russian market develop.

The government has developed a program to increase processing capacities.

According to the program, aluminum consumption on the domestic market will grow to 2.8 million tons by 2023. (Ukrainian metal)

Russia: Rusal replaces board of directors

Rusal has replaced the members of its board of directors, On February 14, the executive director Sergey Popov resigned, having been elected to a governmental office. Yevgeniy Kuryanov has been appointed in his stead. From February 14, Maxim Poletayev, Randolf Reinolds, Kevin Parker, Nicolas Jordan and Christopher Burnam were appointed to the board of directors…

Russia: Rusal output up in 2018

In 2018 Rusal produced 3.753 million tons of aluminum, up by 1.3% YoY. At the same time, sales dropped by 7.2%, to 3.671 million tons. In Q4 2018 the output grew by 0.4% QoQ, to 0.943 million tons, while sales decreased by 16.2%, to 0.877 million tons. In 2018 the average price was $2259 per…

Russia: RUSAL and the Ministry of Health announce completion of the vaccination against Ebola

UC RUSAL together with the Ministry of Health of the Russian Federation, announced the completion of the vaccination against the Ebola virus in the Republic of Guinea. Two thousand people have received the GamEvac-Combi vaccines during the testing program conducted in Guinea at the Scientific Diagnostic Center for Epidemiology and Microbiology (SDCEM). The center was…

Russia: board chairman leaves Rusal

Rusal announces the resignation of Matthias Warnig from the office of the chairman of the board.

Warnig was elected a member of the board in June 2012.

In October 2012 he was elected chairman of the board.

The new chairman will be chosen at the next meeting of the board. (Ukrainian metal)

Russia: sanctions from RUSAL to be removed in 30 days

The U.S. Department of the Treasury intends to lift sanctions from Russian power companies En+ Group and EuroSibEnergo, and aluminum giant UC RUSAL of businessman Oleg Deripaska in 30 days, but will retain sanctions against Deripaska personally, it said in a statement. The authority sanctioned these companies because of their ownership and control by Deripaska,…

Russia: US postpones sanctions against RUSAL

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until December 12. The deadline for termination of contracts with GAZ Group remained on October 23. RUSAL shares and Global Depositary Receipts of En+…

Russia: Rusal gathering Chinese traders

Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…

Russia: deadline for deals with RUSAL extended

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…