Oleg Deripaska

Aluminium Magnate Oleg Deripaska Critical Of Russia’s Outdated Financial System

Aluminium Magnate Oleg Deripaska Critical Of Russia’s Outdated Financial System

Russian oligarch and aluminium titan Oleg Deripaska went on record earlier this week criticizing his country’s outdated financial system, noting that Russia’s financial sector is going backwards while the rest of the world leaves them behind. Although criticism of Moscow by Russians...

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Events

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

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 […]

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

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 […]

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

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 […]

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

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 […]

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Rusal Ships First Ore From Guinea Mines Since Mid-March

Rusal Ships First Ore From Guinea Mines Since Mid-March

Newly-released shipping data shows that Russia’s UC Rusal has shipped the first bauxite ore from its operations in West Africa in almost a month. Data from Refinitiv indicates that an ore transport ship with ties to Rusal loaded a larger ore ship that left Kamsar in Guinea on Tuesday. Although sanctions against Russian businesses have […]

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