Press releases


UC RUSAL sells 50% stake in the company licenced to mine at Ekibastuzskoye coal field to Samruk-Energo
25.12.2008

As part of the established joint venture, the companies plan to produce and supply coal to meet the demand of Kazakhstan and Russia. By 2020, the annual output of the Bogatyr and Severny deposits will have increased to 57 mln tonnes. During this period the operations at the Bogatyr deposit will include a complete conversion from the obsolete transportation scheme (motor and rail road) to a new logistics network which includes a motor road and a belt conveyor.

The long-term strategic plans of both parties include the creation of a global energy company with coal assets in Russia, South-East Asia and Australia on the basis of the established joint venture.

* Previous name of the company – SAMRUK Holding. In November 2007, UC RUSAL and SAMRUK Holding entered into an agreement to establish a joint venture to produce coal at the Bogatyr and Severny deposits of the Ekibastuzskoye coal field.

Information about the coal deposits:

The Bogatyr and Severny coal deposits are located in the Pavlodar region of Kazakhstan. The aggregate reserves of the two deposits total approximately 3 bln tonnes of coal. Expected production in 2008 is around 46 mln tonnes, which will be a record-breaking number for the past 10 years. Around 50% of the output is used to feed Kazakhstan's energy generation facilities. Aside from a number of CHP and GRES in Kazakhstan, other major consumers of the Ekibastuz coal include Russian CHP and GRES located in the Ural Mountains. UC RUSAL assumed ownership of the deposits from Access Industries as part of the merger between RUSAL, SUAL and Glencore.

About UC RUSAL:

United Company RUSAL (www.rusal.com) is the global leader in the aluminium industry and accounts for approximately 12% and 15% of the global production of aluminium and alumina respectively. The company was founded in March 2007 through the merger of RUSAL, SUAL and the alumina assets of Glencore. UC RUSAL sells its products in 70 countries worldwide and employs 90,000 people in 19 countries across five continents.

To learn more about aluminium please visit http://www.aluminiumleader.com


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