Rusal

Rusal Inks Long-Term Contract With Glencore Worth $16.3 Billion

Rusal Inks Long-Term Contract With Glencore Worth $16.3 Billion

Aluminium major Rusal has signed a long-term aluminium supply deal with Swiss trader Glencore worth $16.3 billion, according to a Hong Kong regulatory statement published on April 3rd. The contract is for 2020-2024, with an option to extend past 2025. The deal,...

Events

Rusal Announces ₽5.2 Billion Modernization Push For Sayanogorsk And Khakas Aluminium Smelters

Russian Federation aluminium giant U.C. Rusal announced yesterday a plan to invest ₽5.2 billion (US$83 million) to modernize its aluminium smelters at Sayanogorsk and Khakas. Per the firm, the largest projects associated with this modernization push will involve upgrading the casthouse at Khakas with a new cleaning system for its 10-metric-ton ladles. The improvement will […]

“Unrest” In Guyana Prompts Rusal’s Sudden Exit

Citing unrest and sabotage, Russian Federation aluminium giant U.C. Rusal shut down operations in Guyana yesterday, leaving over 300 employees without a job. In a press release, Rusal said yesterday that several incidents in the recent past have pushed them to the inevitable. “As a result of serious illegitimate actions that have gone beyond the […]

Rusal Invests ₽600 Million On Eco-Friendly Capacity Increase Of Volgograd Aluminium Smelter’s Coke-Calcining Kiln

Russian aluminium behemoth U.C. Rusal said yesterday it has invested ₽600 million (US$9.45 million) to carry out an eco-friendly modernization of Volgograd aluminium smelter’s (VgAZ) coke-calcining kiln. According to Rusal, the modernization boosted the kiln’s output capacity by between 3 and 4 metric tons per hour to a new total of 12 metric tons per […]

Weak Aluminium Prices At LME Take Toll On Rusal Bottom Line In Q3

Russian Federation aluminium behemoth U.C. Rusal released financial results for the third quarter and opening nine months of 2019 on Friday. Though production was generally level or better compared to prior periods, a decrease in aluminium prices teamed up with a reduction in value-added products sales to weigh down financial numbers for both periods. For […]

Rusal To Place ₽15 Billion Bond On Moscow Exchange

Russian Federation aluminium titan U.C. Rusal closed the bookbuilding process for this year’s fourth placement of a ruble-denominated bond on the Moscow Exchange earlier this week. The bond in question has a total nominal value of ₽15 billion and features a 10-year maturity and a 3-year put option. Originally offered with a coupon rate of […]