En+ Group

Glencore Limited Purchases from Rusal, Records Show

Glencore Limited Purchases from Rusal, Records Show

Commodities conglomerate Glencore purchased only a fraction of the 6.9 million metric tons of aluminium available under its contract with Russian giant Rusal from 2020-2022, regulatory records reveal. The deal, poised for a possible extension to 2025, has recently come under the...

Events

Rusal Sues Rio Tinto For Return Of 20 Percent Share Of Queensland Alumina

Russian Federation aluminium titan UC Rusal is suing Anglo-Australian mining giant Rio Tinto Group to receive back its 20-percent share of Queensland Alumina Ltd. that the latter firm took from Rusal in the wake of Russia’s invasion of Ukraine earlier this year. According to documents reviewed by Reuters, Rusal is pushing back against Rio Tinto’s […]

Rusal Pushes Back Against Rio Tinto’s Takeover Of Queensland Alumina

Russian aluminium firm UC Rusal fired back at its partner at Queensland Alumina Ltd., Anglo-Australian mining giant Rio Tinto Group after the latter stepped in and took control of Rusal’s 20-percent share of the operation earlier this month. Citing sanctions against Russia for its invasion of Ukraine and specifically a ban on alumina exports to […]

Glencore Mulling Sale Of Its Share In Rusal’s Parent Company En+ Group

Anglo-Swiss metals miner Glencore plc announced earlier this week that it is conducting a review of all of its business dealings with Russian firms, including the equity stakes it has in Russian aluminium giant UC Rusal’s parent company En+ Group. Glencore currently has a 10.5-percent share in Rusal’s parent company. However, the firm downplayed its […]

Rusal Moves Forward With Spin-Off Of High-Carbon Aluminium And Alumina Assets

Russian aluminium behemoth UC Rusal announced this week that it has received approval to demerge its assets into a higher-carbon company. Rusal obtained approval for the move from its two primary shareholders, namely En+ Group and SUAL Partners. The move was announced in May, and it will yield two separate businesses with unique strategies. Rusal’s […]