21.06.18
RUSAL restarts operation of the Friguia alumina refinery in Guinea
Moscow, - 21 June 2018 – UC RUSAL (486 Hong Kong, RUAL Moscow Exchange), a leading global aluminium producer, is pleased to announce the restart of the FRIGUIA ALUMINA REFINERY in Guinea.
19.06.18
RUSAL starts to ship bauxite from Dian-Dian
Moscow, – 19 June 2018 – UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce the completion of the first stage of development of the Dian-Dian bauxite deposit in Guinea and the commencement of ore export shipments.
05.04.18
UC RUSAL voluntarily delists from Euronext Paris
Moscow, 5 April 2018 – UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, announces the voluntary delisting of its Global Depository Shares (“GDS”) from Euronext Paris. This is part of a strategic decision to focus the trading of the Company’s shares on two platforms: the Hong Kong Stock Exchange (“HKEx”) and the Moscow Stock Exchange (“MOEX”).
13.03.18
UC RUSAL developed unique scandium alloys for the shipbuilding industry
Moscow, 13 March 2018 – UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce that new high strength wrought scandium aluminium alloys have entered the test phase that is held in cooperation with customers from the shipbuilding industry.
27.02.18
UC RUSAL statement in relation to MMC Norilsk Nickel
Mr Deripaska, Mr Potanin and Mr Abramovich entered into a Framework Agreement in December 2012 to settle the long-running dispute between Rusal and Interros in relation to Norilsk Nickel. The terms of that agreement include a "lock-in" period, during which Rusal, Interros (now Whiteleave Holdings Limited) and Millhouse LLC (now Crispian Investments Limited) could not sell their shares. The agreement also regulates the manner in which each of the three investors can dispose of their shares in Norilsk Nickel at the end of the "lock-in" period, which expired in December 2017.
Crispian initiated a procedure to sell its shares, triggered by an offer to purchase its shares from a subsidiary of Whiteleave at a premium to market value. Rusal believes that, under the Framework Agreement, Crispian is not entitled to sell its shares in this way.
At today's Court hearing in London, the parties agreed to a consent order by the Judge so that Whiteleave cannot take up just over 2% of Crispian's shares until five business days after and subject to the terms of a further judgment of the English Court scheduled for 8/9th March (or 12th April 2018 if earlier).
Rusal is pleased with this outcome as it represents the continuation of the status quo from the last Court hearing. Rusal was willing to provisionally lodge some monies ($8 million) with its counsel of record to provide direct recourse should it later be held that Rusal’s claims were invalid and Whiteleave or Crispian suffered any loss arising from any delay in completion.
Rusal continues to challenge the validity and completion of the transfer (at least without an effective unwind backed by Mr Potanin and Mr Abramovich which Rusal has proposed) by way of an expedited trial to be ordered by the Court in either April/May 2018.
Crispian initiated a procedure to sell its shares, triggered by an offer to purchase its shares from a subsidiary of Whiteleave at a premium to market value. Rusal believes that, under the Framework Agreement, Crispian is not entitled to sell its shares in this way.
At today's Court hearing in London, the parties agreed to a consent order by the Judge so that Whiteleave cannot take up just over 2% of Crispian's shares until five business days after and subject to the terms of a further judgment of the English Court scheduled for 8/9th March (or 12th April 2018 if earlier).
Rusal is pleased with this outcome as it represents the continuation of the status quo from the last Court hearing. Rusal was willing to provisionally lodge some monies ($8 million) with its counsel of record to provide direct recourse should it later be held that Rusal’s claims were invalid and Whiteleave or Crispian suffered any loss arising from any delay in completion.
Rusal continues to challenge the validity and completion of the transfer (at least without an effective unwind backed by Mr Potanin and Mr Abramovich which Rusal has proposed) by way of an expedited trial to be ordered by the Court in either April/May 2018.
23.02.18
UC RUSAL announces results for the year ended 31 December 2017
Moscow, 23 February 2018 – UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, announces its results for the year ended 31 December 2017.
20.02.18
UC RUSAL transfers proprietary technology to SMS group
Moscow, February 20, 2018, – UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce the signing of a cooperation agreement with SMS group, Germany.
19.02.18
UC RUSAL statement in relation to MMC Norilsk Nickel
Moscow, 19 February 2018 – UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer and owner of a 27.8% stake in MMC Norilsk Nickel, announces that is has received a Letter from Crispian Investments Limited, the beneficial owner of which is Mr Roman Abramovich, with respect to shares of MMC Norilsk Nickel.
15.02.18
Russian Company to Supply Railroad Cars for RUSAL Project in Guinea
Moscow, February 15, 2018, – UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce the commencement of railroad car deliveries to Guinea. Thisis part of the implementation of the first stage of a project to develop the Dian-Dian bauxite deposit. After a competitive international bidding process, this was won by Russia's PJSC Research and Production Corporation United Wagon Company (UWC RPC) who will undertake the contract.