Russia

En+ IPO Could Happen This Week: Sources

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...

Events

Rusal Mulling Partnership with RusHydro on Siberian Aluminium Smelter Project

Russian Federation state-owned hydroelectric company RusHydro is weighing a partnership with compatriot firm U.C. Rusal in a new aluminium smelter project in southern Siberia. According to a report by Reuters, recovery of the aluminium market has prompted Rusal to restart work on its Taishet project, a project it initially set aside due to a lack […]

Global Aluminium Recovery Helps Buoy Rusal’s Second Quarter Numbers

Russian Federation aluminium titan U.C. Rusal released financial and production results for the second quarter of 2017 on Friday. A recovery in the global aluminium market coupled with cost-cutting and efficiency measures undertaken by the firm helped solidify the quarter’s bottom line. Over the course of the second quarter Rusal produced 921 thousand metric tons […]

Rusal Opens 72 ktpa Petroleum Coke Calciner in South Central Siberia

Russian Federation aluminium major U.C. Rusal announced yesterday the commissioning of a new calciner at its smelter in south-central Siberia. Rusal installed the US$23.7 million calciner at the Irkutsk Aluminium Smelter (IrkAZ) after a decision two years ago to upgrade it in order to supply calcined coke to the Sayanogorsk Aluminium Smelter 500 miles to […]

Rusal Commissions US$5.6 Million Facility for New Aluminium Alloy Wire Rods in NW Russia

Russian Federation aluminium titan U.C. Rusal announced yesterday the beginning of a project to produce a new variant of aluminium alloy wire rods at its Kandalaksha aluminium smelter (KAZ). Rusal began the US$5.6 million project in March 2016, which included the installation of a series of four state-of-the-art furnaces specially designed for hardening 6101-T4 aluminium […]

Rusal Opens US$1.14 MM Sodium Sulfate Plant in Central Siberia

Russian Federation aluminium titan UC Rusal announced yesterday the opening of a new US$1.14-million two-stage sodium sulfate gas treatment plant attached to the Krasnoyarsk aluminium smelter (KRAZ). The technology utilized at the plant is groundbreaking as the plant puts off no liquid nor solid waste thanks to an efficient two-stage gas scrubbing process. The use […]