St. Petersburg, 16 June 2023 - RUSAL, a leading global aluminium producer, announced the launch of construction of a modern alumina production facility.

The new strategic long-term investment project comprises the implementation of a set of measures aimed at developing infrastructure and alumina production within the Leningrad region.

RUSAL plans to invest around 400 billion rubles in the construction of four technological lines for alumina production, as well as in port infrastructure in Ust-Luga. Phase one of the production with a capacity of up to 2.4 million tons per year is expected to be commissioned by the end of 2028. The construction of phase two with a similar capacity is to be completed in 2032. The implementation of this project is expected to create up to 7.5 thousand new jobs in the region, as well as a cutting-edge urban environment to accommodate all those involved in production and their families.

"This project for us is much more than what is written on paper today: along with the massive modernization of the transport infrastructure of the region, we have also planned large-scale investments in the Republic of Guinea. The development of the infrastructure in Guinea is necessary to ensure an increase in the extraction and transportation of bauxite in the republic, which will also create prerequisites for improving trade and economic relations between our countries," underlined the General Director of RUSAL Evgenii Nikitin.