Russian billionaire businessman Viktor Vekselberg is weighing the purchase of a stake in aluminum giant UC Rusal from Mikhail Prokhorov’s Onexim Group, Vekselberg said. The acquisition is being “seriously considered”, Vekselberg noted, declining to give any details on the terms of a potential deal. Onexim made informal approaches this year to sell its 17% stake…
Rusal announced senior staff appointments within Aluminum Division. Oleg Buts has been appointed Managing Director of Irkutsk Aluminum Smelter (IrkAZ). Prior to the appointment, Buts worked as the Director of Department for Production System Training at Production Development Directorate of Rusal. He will replace Evgeny Kuriyanov, who has been appointed Managing Director of Krasnoyarsk Aluminum…
In January-June Rusal net profit dropped by 70.3% YoY, to $261 million from $879 million. According to the company statement, its EBITDA decreased 2 times YoY, to $656 million from $1.28 billion. The company revenues dropped by 18% YoY, to $3.89 billion from $4.75 billion. As of June 30, Rusal net debt stood at $8.32…
Rusal started the producing 99% scandium oxide. The market price of the new product is up to $2,000 per kg. The new product output started at the Urals Aluminum Smelter (UAZ) after the installation and launch of the pilot unit for the processing of scandium concentrate into scandium oxide. Experts at Rusal Engineering and Technology…
In Q2 and H1 Rusal slightly increased its aluminum output by 0.3% QoQ, to 919 thousand tons, and by 1.5% YoY, to 1.83 million tons. The company worked at 95% capacity. Siberian works of Rusal produced 94% of the total aluminum output. In H1 Rusal sold 1.91 million tons of products, up by 5% YoY.…
Rusal, one of the world’s largest aluminum producers, has signed an agreement to sell 100% in the bauxite and alumina complex Alpart in Jamaica to Chinese state industrial group JISCO, the company said in a press release. The cost of the transaction amounts to $299 million. The deal is undertaken within the program of Rusal’s…
The largest global aluminum producer Rusal wants to supply all the metal produced to Russia in the long run, Sales Director for Russia and CIS Roman Andryushin said. Rusal expects aluminum consumption to grow from 1.4 million tons per year at present to 2.5 million tons by 2024, the manager said. (TASS/Ukrainian metal)
UC Rusal, a leading global aluminum producer, and TransContainer announce the signing of a 3-year contract to ship Rusal products in containers.
