The Moscow Arbitration Court has turned down a 174-million ruble suit of RUSAL Bratsk, a subsidiary of Russian aluminum giant UC RUSAL, against power producer Unipro over a malfunction at the Berezovskaya GRES power plant. In its suit, RUSAL Bratsk asked the court to cancel a capacity supply agreement signed in 2010 and make Unipro…
A Kemerovo region court has partially suspended for 90 days operations of the Kiya-Shaltyrsky open-pit mine owned by RUSAL Achinsk, a part of Russian aluminum giant UC RUSAL, due to violations of safety requirements, the Siberian administration of the Federal Service for Environmental, Technological, and Nuclear Oversight said on April 3. The facility was checked…
Severouralsky Bauxite Mine has put into operation the final, third stage of the Cheremukhovskaya-Glubokaya mine. Investments totaled 460 million rubles. And the overall expenses on the construction of the mine exceeded 7.9 billion rubles. The depth of the mineshaft is 1.5 km. The design speed of the mine cage is 11.73 meters per second, which…
Russian aluminum giant Rusal has resumed supplies to the U.S. market and aims to win back customers it lost due to sanctions by about September when the industry seals supply contracts for 2020, its chief executive Evgenii Nikitin said. Last autumn, Rusal, the world’s largest aluminum producer outside China, missed the traditional window for contracting…
Rusal has put into operation the second line of the first stage of the new works in Krasnoyarsk, increasing aluminum capacity from 150 thousand tons to 300 thousand tons per year. The total cost of the plant with the capacity of 600 thousand tons was estimated at $2.6 billion, of which the first stage accounted…
Vladimir Potanin, the key shareholder of Russian metals producer Norilsk Nickel, plans to start negotiations with aluminum maker RUSAL, which owns 27.82% in Norilsk, to change the dividend formula to reduce the payouts, Bloomberg reported on March 27. Norilsk Nickel’s shares lost 2.2% at the opening of the Moscow Exchange on the news. RUSAL of…
The international ratings agency Fitch Ratings has granted Rusal the long-term rating of BB- with the stable outlook. Rusal has been operating successfully even under US sanctions. Moreover their impact was limited and their implementation had been several times postponed, thus the company did not feel the overall impact of the sanctions, Fitch said. (Ukrainian…
Rusal is finishing preparation for the construction of a pilot line to produce finely divided precipitated aluminum hydroxide with the capacity of 5 thousand tons per year at the site of the Achinsk Alumina Plant. Investments in the project will exceed 500 million rubles. Aluminum hydroxide is used in the insulation of cables for nuclear,…
