As part of RUSAL's Cost Efficiency Leader programme RUSAL has undertaken a number of measures to ensure that when the market conditions make the restart of Ewarton plant economically viable, the facilities will be able to restore the operations in more effective and competitive manner. The positive dynamics of the global aluminium market development and the agreements with the Jamaican Government and the contractors of the plant contributed to improving the economics of Ewarton's operations and enable RUSAL to make the decision on restart.

"We are pleased to restore the operations at Ewarton as the global economic situation improves. During the suspension period RUSAL has carefully studied the opportunities to optimise the facility's structure and production process, cut cash operating costs and improve the efficiency of Ewarton's operations. It should be noted that the restart has been made possible with a strong and constructive support of both the Jamaican government and contractors as the bauxite and alumina industry has the core economic and social role in the country. We strongly believe that the improving market conditions coupled with the favourable business environment in Jamaica will be instrumental in the development of renewed Ewarton", said Oleg Deripaska, CEO of RUSAL.

About RUSAL

UC RUSAL (www.rusal.com) is the world’s largest producer of aluminium, accounting for approximately 10% of global production of aluminium. UC RUSAL employs about 76,000 people in 19 countries, across 5 continents. UC RUSAL markets and sells its products primarily in the European, Japanese, Korean, South East Asian and North American markets. UC RUSAL’s ordinary shares are listed on The Stock Exchange of Hong Kong Limited (Stock code: 486) and global depositary shares representing UC RUSAL’s ordinary shares are listed on the professional compartment of Euronext Paris (RUSAL for Reg S GDSs and RUAL for Rule 144A GDSs).

Disclaimer

The information contained in this press release is for media advice only.  The contents are true and accurate at the time of publishing, however, may change over time.