Russia

Rusal’s Aluminium and Alumina Production Up in Q3, But Bauxite Production Off

Rusal’s Aluminium and Alumina Production Up in Q3, But Bauxite Production Off

Russian Federation aluminium behemoth UC Rusal released operating results for the third quarter of 2017 yesterday, reporting modest gains in primary aluminium and alumina while showing a respectable drop in bauxite ore production. Rusal produced 931 thousand metric tons of primary aluminium...

Events

En+ Listing on London Stock Exchange Likely Only Weeks Away

According to reports from British media, aluminium giant U.C. Rusal’s parent company En+ Group is likely to be listed on the London Stock Exchange in November. The London Telegraph reported yesterday that Oleg Deripaska is planning to list the energy and aluminium company on the Exchange in an effort at raising US$1.5 billion to put […]

En+ IPO Could Happen This Week: Sources

Sources claiming familiarity with the matter told Reuters late last week that En+ Group may debut its initial public offering (IPO) as soon as this Thursday. En+ Group is owned by Russian Federation metals magnate Oleg Deripaska and owns a controlling interest in UC Rusal. The firm also owns EuroSibEnergo, which is the Russian Federation’s […]

Researchers Confirm Discovery of Floating Aluminium

Like most common metals, aluminium lacks natural buoyancy. However, with a little rearranging of the metal’s natural molecular structure, one can produce an ultra-light crystalline form of the metal that is actually less dense than water and, as a result, floats upon it. Research conducted by Utah State University Department of Chemistry and Biochemistry professor […]

Rusal Completes US$7.6-Million Modernization Project at Irkutsk Aluminium Smelter

Russian Federation aluminium titan UC Rusal announced yesterday the completion of a US$7.6 million project to modify its Befesa-2 line at Irkutsk Aluminium Smelter (IrkAZ) in eastern Siberia. The just-completed modifications were carried out by Rusal’s Engineering and Technology Center in conjunction with Spain’s Befesa Aluminio S.L. and included the addition of a new casting […]

Rusal Prices Second Tranche of Historic Panda Bonds

Russian Federation aluminium titan U.C. Rusal has priced the second tranche of Panda Bonds according to an announcement released by the firm yesterday. According to the company’s press release, the second tranche has a total principal amount of CNY500 million (USD76 million, RUB4.4 billion), a tenor of 2+1 years, and a coupon rate of 5.5% […]