Russia

Weak Fourth Quarter Drags Rusal’s 2019 Financials Down As Greater Impact From Coronavirus Looms Ahead

Weak Fourth Quarter Drags Rusal’s 2019 Financials Down As Greater Impact From Coronavirus Looms Ahead

Russian Federation aluminium giant U.C. Rusal released financial results for 2019 this week, reporting a sharp increase in net losses during the year’s final quarter. The firm predicted the recent coronavirus outbreak is likely to make a significant impact upon the global...

Events

“Unrest” In Guyana Prompts Rusal’s Sudden Exit

Citing unrest and sabotage, Russian Federation aluminium giant U.C. Rusal shut down operations in Guyana yesterday, leaving over 300 employees without a job. In a press release, Rusal said yesterday that several incidents in the recent past have pushed them to the inevitable. “As a result of serious illegitimate actions that have gone beyond the […]

Rusal Invests ₽600 Million On Eco-Friendly Capacity Increase Of Volgograd Aluminium Smelter’s Coke-Calcining Kiln

Russian aluminium behemoth U.C. Rusal said yesterday it has invested ₽600 million (US$9.45 million) to carry out an eco-friendly modernization of Volgograd aluminium smelter’s (VgAZ) coke-calcining kiln. According to Rusal, the modernization boosted the kiln’s output capacity by between 3 and 4 metric tons per hour to a new total of 12 metric tons per […]

Weak Aluminium Prices At LME Take Toll On Rusal Bottom Line In Q3

Russian Federation aluminium behemoth U.C. Rusal released financial results for the third quarter and opening nine months of 2019 on Friday. Though production was generally level or better compared to prior periods, a decrease in aluminium prices teamed up with a reduction in value-added products sales to weigh down financial numbers for both periods. For […]

Rusal To Place ₽15 Billion Bond On Moscow Exchange

Russian Federation aluminium titan U.C. Rusal closed the bookbuilding process for this year’s fourth placement of a ruble-denominated bond on the Moscow Exchange earlier this week. The bond in question has a total nominal value of ₽15 billion and features a 10-year maturity and a 3-year put option. Originally offered with a coupon rate of […]

Rusal To Install Over 20 New Dry Gas Cleaning Systems Across Several Smelters

Russian Federation aluminium titan U.C. Rusal announced on Thursday a pledge to install more than a score of cutting-edge dry gas cleaning systems (DGCS) on aluminium smelters run by the company over the coming five years. The firm says the DGCS project to retrofit smelters with DGCS units it developed in-house was initiated in 2016. […]