Aughinish Alumina

Final Month Of U.S. Sanctions Weigh Down Rusal’s Q1 Results

Final Month Of U.S. Sanctions Weigh Down Rusal’s Q1 Results

Russian Federation aluminium giant U.C. Rusal reported first-quarter financial and production results yesterday. Though production and sales remained relatively steady in the quarter, financial numbers struggled due to a drop in prices at the LME and the tail end of sanctions placed...

Events

United States Government Extends Rusal Sanctions Deadline To December 12

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has granted another month’s reprieve to Russian Federation aluminium titan U.C. Rusal with its announcement on Friday that the expiration date of the company’s general licenses has been pushed back to December 12. According to OFAC, the extension embodied in General Licenses 13E, […]

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 […]

EU General Court Finds Alumina Tax Exemptions are Illegal State Aid

In a decision handed down last Friday, the General Court of the European Union declared that state aid received by three alumina producers in Europe should be recovered from those producers. This ruling comes as a surprise to some commentators, as it is a reversal from two prior decisions on the matter. Three alumina producers […]