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Rusal Plans US$190 Million Refit To Sayanogorsk Electrode Production Equipment

Rusal Plans US$190 Million Refit To Sayanogorsk Electrode Production Equipment

Russian Federation aluminium behemoth U. C. Rusal said yesterday it plans to invest about US$190 million to modernize electrode production at the Sayanogorsk smelter over the next three years. Per the firm, the move has two main benefits. Firstly, the improvements will...

Rusal To Invest ₽500 Million In Program To Fund 11 Civic Improvement Projects Throughout Russia

Russian Federation aluminium behemoth U.C. Rusal will invest ₽500 million (US$7.9 million) to support eleven infrastructure and recreational programs throughout Russia. Rusal chose the eleven projects as part of a competition last year in which over two dozen urban projects were evaluated by company representatives, subject matter experts, and online poll participants. Almost 20 thousand […]

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 […]

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 […]