UC RUSAL has offered RusHydro a stake in the future $1.4-1.6 billion Taishet Aluminum Smelter in exchange for some debt of the smelter and a discount for the power the hydropower company will sell to it. Earlier in June, RUSAL CEO Vladislav Solovyov said that the company offered RusHydro a 50% stake in a project…
RUSAL has offered RusHydro a 50% stake in a project to complete construction of the Taishet Aluminum Smelter in the Irkutsk region, CEO Vladislav Solovyov reported on June 5. “We have made our proposal for RusHydro as comfortable as possible. Their participation in the project almost does not require financial expenses at the moment. Tariffs…
Rusal is negotiating attraction of $700-800 with Russian state banks for the construction of the Tayshet Aluminum Works and intends to sign agreement this year. “We have offers from banks on TAZ project financing. We’re negotiating terms. We will need some $700-800 million, depending on the exchange rate, to put the first stage with capacity…
In January-April Rusal saved 25.56 million rubles by decreasing electricity consumption. The company is one of the developers and initiators of implementation of a new mechanism in electricity consumption in Russia and the only company to participate in the program of the price-dependant decrease of electricity consumption, having joined it in 2017. The mechanism presupposes…
Rusal Holding has attracted the loan for pre-export financing for $1.7 billion. According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt. In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)
Rusal has announced the completion of Boksitogorsk Alumina Works modernization. Within the project, lasting from October 2015 till May 2017 the works received grinding and processing equipment to increase the corundum output to 79 thousand tons. In particular, the company increased refractory capacities by 6 thousand tons, and abrasive – by 4 thousand tons per…
In January-March Rusal increased its net profits by 48% YoY, to $187 million. According to the company statement, its corrected EBITDA went up by 52.2%, to $475 million, earnings increased by 20%, to $2.297 billion. Rusal aluminum output in Q1 decreased by 2.1% YoY, to 910 thousand tons. (Ukrainian metal)
The Rusal Bratsk board of directors recommended its only shareholder Rusal to pay dividends for the first quarter of 2017 in the amount of 408.7 rubles per share. According to the company statement, the closing date of the shareholders registry entitled to receive dividends is May 22. The total amount of dividends is thus 2.25…
