Russia

Rusal Wins Approval for 8xxx-Series Wires from Russian Government

Rusal Wins Approval for 8xxx-Series Wires from Russian Government

Russian Federation aluminium behemoth U. C. Rusal announced yesterday the approval of two 8xxx-series aluminium alloys by the Russian government for use in electrical wiring. According to the firm’s press release, the Ministry of Energy of the Russian Federation approved the use...

Events

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 in the third quarter, a quarter-on-quarter increase of 1.1 percent from the second-quarter […]

Qatar Investment Authority Mulls Buying In to En+’s Upcoming IPO

Russian Federation energy concern En+ Group may have found another major buyer for its planned IPO in London and Moscow next month, as the Qatari government’s sovereign wealth fund is said to be in discussions with the firm. London’s Financial Times reported yesterday that sources revealed to them that the Qatar Investment Authority is taking […]

Glencore to Trade Interest in Rusal for Stock in En+ Group

Russian Federation energy firm En+ Group announced Wednesday that Glencore plc will acquire stock in the firm after trading back its 8.75-percent interest in U.C. Rusal. The move comes as En+ Group endeavors to raise US$1.5 billion to launch an initial public share offering (IPO) on both the London and Moscow exchanges next month. Experts […]

Russian Tycoon Pair Sell Three Percent of Rusal for US$315 Million

According to one of the pair’s bookrunners, Russian moguls Mikhail Prokhorov and Viktor Vekselberg sold their combined 3-percent stake in Russian Federation’s aluminium behemoth U.C. Rusal yesterday. The unidentified bookrunner who spoke to Reuters on the subject indicated that the sale was an accelerated bookbuilding (ABB) in the amount of US$315 million for roughly 456 […]

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 […]