30.07.09
RUSAL and Coordinating Committee agree terms of long-term restructuring
Moscow, 30 July 2009 - UC RUSAL, the world’s largest aluminium and alumina producer, today announces that it has agreed the principal terms of a long-term debt restructuring with the Coordinating Committee which represents more than 70 international lenders. According to the agreement, RUSAL will settle its debt to international banks within seven years. The agreement puts RUSAL on a strong and stable financial footing and ensures that the business is capable of weathering the current economic environment.
17.07.09
RUSAL announces H1 2009 results
Moscow, 17 July 2009 – UC RUSAL, the world’s largest aluminium and alumina producer, today provides an H1 update on the success of its Cost Efficiency Leader programme, which is aimed at counteracting the consequences of the global economic downturn and increasing the efficiency of the company.
08.07.09
ARMENAL’s H1 levels better than its nominal design capacity
Moscow, 8 July 2009 - UC RUSAL, the world’s largest aluminium and alumina producer, announced a marked increase in output from its ARMENAL foil mill, Armenia. In June, the foil mill produced nearly 2,500 tonnes of foil, a 12% improvement on its nominal design capacity, taking ARMENAL’s half-year production to over 10,000 tonnes.
25.06.09
RUSAL CEO visits ALSCON aluminium smelter in Nigeria
Moscow, 25 June 2009 – UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce that Oleg Deripaska, RUSAL’s CEO, visited the ALSCON aluminium smelter during his tour of the company’s production facilities. As part of the Nigerian visit of the official Russian delegation chaired by RF President Dmitry Medvedev the head of RUSAL had a series of consultations with Nigerian government authorities and businessmen.
19.05.09
UC RUSAL representative to chair International Aluminium Institute
Moscow, 19 May 2009 – UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce that Artem Volynets, RUSAL’s Director for Corporate Strategy, has been appointed the Chairman of the International Aluminium Institute (IAI), the global forum representing more than 80% of world primary aluminium production.
21.04.09
UC RUSAL announces Q1 results of Cost Efficiency Leader programme
Moscow, 21 April 2009 – UC RUSAL, the world’s largest aluminium and alumina producer, today provides a Q1 update on the impact of its Cost Efficiency Leader programme, aimed at counteracting the consequences of the global economic downturn and increasing the efficiency of the company’s business.
22.03.09
UC RUSAL and ONEXIM agree on debt restructuring
Moscow, 22 March 2009 - UC RUSAL, the world’s largest aluminium and alumina producer, and ONEXIM Group are pleased to announce that they have reached an agreement on restructuring RUSAL’s USD 2.8 billion debt.
18.03.09
Alpart announces suspension of operations
Moscow, 18 March 2009 - Alpart (Alumina Partners of Jamaica), owned 65% by RUSAL and 35% by Hydro Aluminium, has announced that owing to the continuing severe decline in the global aluminum industry and the corresponding reduction of alumina demand worldwide, the company will temporarily suspend operations at its mining and refinery operations in Jamaica for a period no less than 12 months commencing May 15th, 2009. Alumina product has experienced a drastic 60% price reversal since July 2008. Approximately 900 permanent employees will be made redundant.
12.03.09
UC RUSAL announces new appointments
Moscow, 12 March 2009 – UC RUSAL, the world’s largest aluminium and alumina producer, announces the appointment of Mikhail Erenburg as the Executive Director of the Company. Prior to this new appointment, Mr. Erenburg held the post of the Director of the Aluminium Division.