Press-releases

4 September 2008, Moscow – UC RUSAL, the largest global aluminium and alumina producer, has today announced that it has developed a unique process for waste recycling. This new technology is applied at the company’s smelting operations in Bratsk (BrAZ), the largest aluminium facility in the world, and allows saving over USD 2 million every year. The new technology helps to reduce quantities of solid waste from the smelter’s operational facilities stored in the disposal area by 5,500 tonnes less of waste. 

2 September, 2008 Moscow – UC RUSAL, the world’s largest aluminium and alumina producer, has sent a letter to the Russian Federal Antimonopoly Service (FAS) requesting that the FAS take relevant measures to stop LUKOIL violating antimonopoly law and hold the company to account for this breach.

22 August 2008, Moscow - UC RUSAL has voted against Interros’s proposal that Norilsk Nickel use cash funds to buy back the company’s shares. UC RUSAL has consistently advocated that funds not used in investment programmes should be distributed among all shareholders by way of a dividend. We believe that a dividend payment is the most effective form of using unallocated cash funds in the interest of all shareholders. Furthermore a dividend payment would not infringe upon the rights of minority shareholders who have no intention to sell their shares.

Moscow, 14 August 2008 – UC RUSAL, the owner of 25% plus two shares of Norilsk Nickel, announces its intention to call for an extraordinary meeting of Norilsk Nickel shareholders to elect a new Board of Directors and will file a demand to convene this meeting in early September.

Moscow,  13 August 2008 – UC RUSAL, the world’s largest aluminium and alumina producer, announces today that it has filed a lawsuit with the arbitration court against LUKOIL, the primary supplier of oil coke to UC RUSAL’s facilities, for disruptions in its supply of raw materials. Since April 2008, LUKOIL has reduced the supply of oil coke to UC RUSAL’s largest aluminium smelters by almost two times and as a result has not been fulfilling its long-term contractual obligations.  

<P>Moscow, 12 August 2008</P>
<P>Dear Mr. Strzhalkovsky,</P>
<P>UC RUSAL, as a shareholder of Norilsk Nickel, is seriously concerned with the environmental situation relating to production activities at Norilsk Nickel’s facilities in Russia.  According to the state environmental monitoring service and international public organisations, the environmental situation at Norilsk is on the brink of catastrophe. </P>

Moscow, 7 August 2008 – On 5 August 2008 the ONEXIM Group released a statement announcing that it was about to complete the consolidation of a 16.66% stake in Norilsk Nickel and to sell this stake to Vladimir Potanin under the terms of an irrevocable offer.  UC RUSAL, which owns a 25% plus two shares stake in Norilsk Nickel, believes that Interros and Vladimir Potanin must clarify the situation and requests for the involvement of the Federal Financial Markets Service.

Moscow, 7 August 2008 – On the eve of a meeting of Norilsk Nickel’s  Board of Directors, to be held on 8 August, to discuss the re-election of Norilsk Nickel’s CEO and the appointment of Vladimir Strzhalkovsky to this post, UC RUSAL, which owns a 25% plus two shares stake in Norilsk Nickel,  believes it necessary to make the following statement.

Moscow, 5 August 2008 – UC RUSAL, which owns a 25% plus two shares stake in Norilsk Nickel, has today announced that a delegation of its management team will visit the Polar Division of Norilsk Nickel. Members of the delegation include UC RUSAL and Norilsk Nickel Board Member Oleg Deripaska and UC RUSAL’s CEO and member of Norilsk Nickel’s Board, Alexander Bulygin.