Business

Moscow In Talks With Aluminium Firms On New Mineral Extraction Tax

Moscow In Talks With Aluminium Firms On New Mineral Extraction Tax

Several sources with knowledge of the situation told Reuters this week that talks between the Russian government and producers of aluminium and other metals and fertilizers have yet to yield a consensus on how best to implement Moscow’s new tax structure on...

Events

Rusal Repays ₽27 Billion In Corporate Debt Ahead Of Schedule

Russian aluminium giant UC Rusal announced last week the repayment of ₽27 billion (US$371 million) in indebtedness on a 2010 loan. Rusal took out the loan eleven years ago from Sberbank. The loan’s principal had elements in both US dollars and Russian rubles, now totaling US$2.1 billion and ₽79.5 billion after the recent repayment. Amortization […]

Beijing Promises Swift Action Against Speculators Suspected Of Spiking Aluminium Prices

Market regulators in Beijing said earlier this week that aluminium and other commodities suppliers should “reasonably” price their sales, and that speculators and stockpilers would face harsh penalties for actions resulting in price spikes. With prices for aluminium in Shanghai higher than they’ve been in over a decade, the State Administration of Market Regulation said […]

Novelis And Georgia Tech Expand Partnership On Aluminium Innovation

Atlanta’s rolled aluminium firm Novelis announced this week the expansion of its partnership with the Georgia Institute of Technology (Georgia Tech) on the Novelis Innovation Hub. The partnership will explore new areas in materials and process research with an eye toward increased sustainability and zero-carbon production by mid-century. Novelis says the partnership will continue building […]

Indian Government Approves ₹2.67 Billion In New Bauxite Mining Projects For Chhattisgarh

Earlier this week the Indian government approved of ₹2.67 billion (US$36.3 million) in new bauxite ore mining projects for the state of Chhattisgarh. On Tuesday, Chief Minister of Chhattisgarh Bhupesh Baghel announced the approval of projects related to the Mineral Resources Department and Chhattisgarh State Mineral Development Corporation. In addition to bauxite ore projects, Baghel […]

Rusal To Begin Voluntary Compliance Reporting On Clean Air Activities

Russian aluminium behemoth UC Rusal is marking the International Day of Clean Air for Blue Skies by announcing a new voluntary report to be produced by the firm on its participation in Russia’s “Clean Air” initiative. Rusal says the report will be a detailed breakdown of its progress on efforts related to the Clean Air […]