Press releases

Press releases


RUSAL announces the decision to suspend the operations of its business in Guyana
03.02.2020

Georgetown, 3 February 2020 – RUSAL (HKEx 486, MOEX RUAL), one of the largest aluminium producers in the world, announces its decision to suspend the operations of its business in Guyana as the unrest continues.

As a result of serious illegitimate actions that have gone beyond the control of government and enforcement agencies, including arson of the electricity pylon basement and other corporate property, and blocking of the river, RUSAL considers it prudent to suspend and mothball operations of Bauxite Company of Guyana (BCGI). Written notices of termination have been sent to 326 employees.

As the unrest impacting the Company’s operations continues, RUSAL believes the opportunities for doing further business in Guyana are now severely limited. On the grounds the security and safety, all expatriate employees have been relocated.

The suspension of BCGI will have no impact on the Company’s overall performance, as the expected decline in the overall bauxite supply from Guyana will be substituted with raw material from other mines.


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