Oleg Deripaska

Aughinish Alumina Reports Significant Loss Amid Market Challenges

Aughinish Alumina Reports Significant Loss Amid Market Challenges

In a striking financial turn, Aughinish Alumina, a Russian-owned metal smelting company based in Limerick, Ireland, reported a substantial loss of US$167 million (€153 million) last year. This figure marks a decrease from the US$378 million loss recorded in 2021. Owned by...

Events

Rusal Mulling Sale Of Primary Aluminium Directly To London Metal Exchange: Sources

According to industry media, Russian Federation aluminium giant UC Rusal is weighing plans to sell primary aluminium directly to the London Metal Exchange, as the firm continues to have difficulties in identifying purchasers. Although Rusal is not directly under sanction itself, the company has faced harsh blowback from European and American buyers as many have […]

Nornickel’s Potanin May Scuttle US$60 Billion Merger With Rusal: Sources

A major merger between Russian firms Nornickel and aluminium giant Rusal may find itself hamstrung by the person of Vladimir Potanin according to sources who spoke with wire services said this week. According to Reuters, sources claiming insider knowledge say the US$ 60 billion merger may be scuttled before it starts should Potanin choose to […]

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 […]

Russia’s Metal Sector Must Change To Adapt To “Illegal” Sanctions: Putin

Russia’s aluminium sector could be in for some major changes to combat sanctions against the country, as raw materials and sales of finished product have been hampered due to limits enacted by the global community. Such was the message delivered by Russia’s leader Vladimir Putin on Wednesday. In a televised meeting with various metals industry […]

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 […]