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Topic: RUSAL

	Kommersant: Rusal Rushes into Shopping
		Rusal’s CEO introduced the plan of the company for the year of 2005 to the journalists.
		In the end of the first quarter Rusal is inclined to finish concordance of the agreement on the building of the aluminous complex in Venezuela (Guyana deposit).
		Rusal is intended to finish the project of completion of hydroelectric power station in Democratic Republic of Congo and building an aluminous plant nearby.
	www.kommersant.com /page.asp?id=542658 (704 words)

	AK&M - News (Site not responding. Last check: 2007-11-07)
		RUSAL, one of the world's largest aluminum producers, has raised a $200 million unsecured loan to refinance its purchase of a 20% stake in Queensland Alumina Limited, Australia.
		RUSAL completed its purchase of the stake from Kaiser Aluminium in late March, 2005, becoming the largest Russian investor in Australia's economy.
		RUSAL is one of the world's fastest-growing and most dynamic companies, producing primary aluminium and alloys for an expanding and demanding customer base worldwide.
	www.akm.ru /eng/news/2005/may/17/ns1463156.htm (244 words)

	Metal.Com.Ru Trade System :: Publications
		RUSAL, one of the world's leading aluminium producers, today reported continued growth across all product groups and significant cost reductions for 2003 as the company continued its modernisation programme and efficiency drive.
		RUSAL, a world leader in aluminium production was formed in March 2000 from the merger of a number of the largest smelters and other aluminium producers located in the CIS.
		RUSAL is a fully vertically integrated company with a complete production cycle from bauxite mining and the production of raw materials, to the production of primary metal, semi-products and aluminium-based end products.
	www.metal.com.ru /analytics/publication.php?id=155 (1573 words)

	$5.4 bn Rusal in talks with Vedanta on Orissa deal (Site not responding. Last check: 2007-11-07)
		Sources close to the development said that Rusal was considering investments of a few hundred million dollars in Vedanta's Alumina project in Orissa and the project was estimated to cost $ 800 million which was due to commission in March 2007.
		Sources also said that Rusal would soon send a delegation to India to discuss the details of arrangement that could be drawn between the two companies.
		Rusal, is a vertically integrated company with a complete production cycle from bauxite mining and production of raw materials, to production of primary metal, semi-products and aluminium-based end products.
	www.rediff.com /money/2005/may/17rusal.htm (442 words)

	RusAl plans to be biggest - Hydro
		RusAl already has ownership interests in the bauxite mines in Guinea and alumina plants in Russia, Ukraine and Romania.
		RusAl was established in March 2000, and is now the world's second largest producer of aluminium.
		RusAl also encompasses a bauxite mine, three alumina refineries, four electrolysis plants, three rolling mills, two foil plants and a factory for producing aluminium drinks cans.
	www.hydro.com /en/press_room/news/archive/no_news_view/russia_focus/rusal_en.html (795 words)

	NaijaPost News - naijapost.com (Site not responding. Last check: 2007-11-07)
		According to Marcos Courage, the spokeman of Rusal who is based in London, the vagaries of Nigeria’s privatisation process and the high financial premium requested for the smelter have been sighted by analysts as reason for the lack of interest from Alcoa, BHP Billiton and Alcan.
		Rusal’s bid, according to Marcos Courage, was informed by its due diligence which put the value of the complex at $140 million.
		Rusal acquired the Friguia refinery in the Republic of Guinea in 2002.
	www.naijapost.com /news/publish/article_990.shtml (2141 words)

	Kommersant: RUSAL Finds Profit in Metal Junk
		Specialists of RUSAL have also visited Vostokmetall smelter in Khabarovsk, one of Russia’s largest producer of secondary aluminum alloys with the estimated capacity of 50,000 metric tons a year.
		RUSAL confirmed to Kommersant that it is interested in the secondary recycling of aluminum and is now considering ways to develop this sphere but would not further comment on the possible purchase of new assets.
		RUSAL is negotiating the purchase of Hamburger Aluminium-Werk in Germany, owned by Norsk Hydro, Alcoa and Austria Metall.
	www.kommersant.com /page.asp?idr=529&id=604954 (849 words)

	Linkage, Inc. - HR Leaders Gazette - February 2005
		And as RUSAL continues a transformation that has led it from the stagnation of the Soviet era to the dynamism of Russia's emerging market economy, Petrova must marshal an HR expertise she began to hone during her earlier stints in the Moscow branches of American firms Halliburton, Bristol-Myers Squibb, and Belcom.
		RUSAL's goal is to surpass those leaders over the next five years or so, investing some $10 billion in Russia alone.
		It's fair to say that in her four years as RUSAL's HR innovator, Petrova has yanked this bear of an organization into the 21st century in terms of HR policy and process.
	www.linkageinc.com /learning_events/conferences/hrls/hrl_gazette/moscow_hr_damsker.aspx (1728 words)

	Aluminum Association \| RUSAL
		RUSAL said the study was for a new 600,000-tonne aluminum smelter in the Siberian energy-rich Irkutsk region.
		According to preliminary estimates, construction of the smelter could start in 2006 and be completed by 2009, a RUSAL statement said.
		RUSAL said last week it and a unit of Kazakh Eurasian Industrial Association (EIA) would invest $3 billion in building an aluminum smelter and alumina refinery in Kazakhstan.
	www.aluminum.org /Template.cfm?Section=Home&template=/ContentManagement/ContentDisplay.cfm&ContentID=6994 (133 words)

	RIA Novosti - Russia - Rusal to boost aluminum output with launch of new technology
		The RA-400 cell, launched at Rusal's Sayanogorsk aluminum smelter in Siberia, is designed to produce three metric tons of aluminum per day, and was the product of $11.3mln of investment, the firm said.
		Rusal plans to install two more of the cells at Sayanogorsk, and will equip all its new smelters with the new technology, the company said.
		Rusal is the world's third largest primary aluminum producer.
	en.rian.ru /russia/20060112/42967059.html (275 words)

	Blogger: Email Post to a Friend
		Without it, Rusal's pledges to build new smelters in Irkutsk and Khakassia and increase annual output of metal to 5 million tons, would be difficult to achieve, if not impossible.
		A Ukrainian government source, who has been close to Rusal's attempts to hang on to the refinery, but change the investment requirements, told The Russia Journal, on condition of anonymity, that a court review of the issue, which began in 2003, is still under way.
		As this project was one of several conditions Rusal and Ukral had agreed to, when they acquired the state shareholding in the Nikolaev refinery, Chechetov claimed his agency would go to court to decide whether to reverse Rusal's acquisition of the asset.
	www.blogger.com /email-post.g?blogID=10007474&postID=111938172608965987 (1446 words)

	Aluminum Association \| Russia Industry: RusAl to Focus on Higher Value Products
		RusAL is spending $7 billion on modernization, including buying new assets, building new plants and upgrading old ones.
		RusAl also wants to reduce its dependence on outside supplies of raw materials such as bauxite and alumina.
		RusAl is 75 percent-owned by businessman Oleg Deripaska.
	www.aluminum.org /Template.cfm?Section=Home&template=/ContentManagement/ContentDisplay.cfm&ContentID=6694 (242 words)

	www.mineweb.net \| columns \| emerging russia Russian Aluminium kicks into own goal (Site not responding. Last check: 2007-11-07)
		According to the ruling issued by Justice William Blackburne, Rusal is attempting to cover its takeover of TadAZ since last December, and the conversion of the multi-million dollar proceeds of sale of its aluminium, by litigating against the plant's former management and trade and investment company, Ansol.
		If the High Court were to find next year against Rusal, then a contingent liability of at least $200 million, claimed by Nazarov and Ansol, would cast a shadow over Rusal's attempt to issue an IPO prospectus, as well as to continue its current international loans.
		A: RUSAL was drawn into this case by TadAZ's opponents purely in an attempt to create a smokescreen to draw attention away from allegations of fraud against Ansol.
	www.mineweb.net /columns/emerging_russia/506983.htm (904 words)

	www.mineweb.net \| columns \| emerging russia Rusal joins wave of Russian interest in Southern Africa (Site not responding. Last check: 2007-11-07)
		In Guinea, where Rusal is one of the biggest foreign investors, contacts with the government have not been smooth sailing.
		No precise estimate of the value of Rusal's investment in Guinea has been released, but its current mining and processing plants generate annually an estimated $500 million in exportable bauxite and alumina, and this value is rising.
		Rusal has also announced that it has returned to negotiations with the Nigerian government for a smelter project there.
	www.mineweb.net /columns/emerging_russia/340083.htm (889 words)

	RusAl Plans to Overtake World No. 1 Before 2012
		He said RusAl intended to build the largest of the planned smelters, with a name-place capacity of 500,000 tons of the metal a year, near the half-built Boguchany hydroelectric power station in the east Siberian Krasnoyarsk region.
		He said RusAl could build the smelter near the town of Taishet either independently or jointly with the local Alyukom-Invest firm, which is building its own 250,000-tons-per-year smelter there.
		RusAl has also prepared a feasibility study of the second stage of its Sayanogorsk Aluminum Plant in southern Siberia, which will permit the smelter to raise annual capacity by 270,000 tons.
	www.freerepublic.com /focus/news/871904/posts (678 words)

	Daily News
		Two of the main attractions for RUSAL were the open investment approach of the Government and the willingness of the Aroima Mining Company (AMC) to enter into an agreement.
		On December 16, 2004 Guyana entered into a joint venture with the second largest aluminum company in the world, RUSAL of Russia, that will bring a US$20M investment to the bauxite industry in the Berbice area.
		The Guyana/Russia bauxite cooperation was cemented through an initial visit made by RUSAL in March 2003 that was followed closely by the President’s visit to Russia, when he used the opportunity to push for further cooperation on the bauxite front.
	www.op.gov.gy /stories/050304.html (271 words)

	Australian Workers Union National Office: Campaign News: Alumina Members Update: Russian moves in on local alumina - 30 ...
		Rusal Australia managing director Duncan Hedditch said the deal would also result in Rusal purchasing Kaiser's alumina and bauxite inventories and existing sales contracts.
		Rusal was created in March 2000 out of the merger of Russia's major aluminium companies and a number of plants in the former Soviet Union.
		"Rusal intends to increase its aluminium production significantly over the next decade, and securing alumina supplies to support that growth is an integral part of that strategy," he said.
	www.awu.net.au /national/campaigns/awualumina/news_1099611523_31039.html (461 words)

	RusAl Reacts Angrily to UES Allegations - MONEY - MOSNEWS.COM (Site not responding. Last check: 2007-11-07)
		In an official statement issued on Monday, June 7, Russia’s largest aluminium producer Russian Aluminium (RusAl), which on Friday was accused by UES Chairman Anatoly Chubais of meddling in the power sector’s reform, denied all the allegations and criticized the power monopoly’s approach to reform.
		The statement released by RusAl says: “While it is true that RusAl’s shareholders have invested in the electricity sector, RusAl is not and has never been a shareholder in UES.
		RusAl is also the largest consumer of electricity produced by the Sayano-Shushenskaya hydro power station located in the Republic of Khakassia.
	www.mosnews.com /money/2004/06/07/rusalagainst.shtml (691 words)

	RUSNET :: CIS Today :: 2003/10/06 :: Rusal looks for ways to improve its image
		In order to do so Rusal, which is valued at between $6bn and $7bn, has committed itself to a $7bn investment plan that will be financed by cashflow and debt.
		Rusal is also understood to be interested in an aluminium smelter in Tadjikistan, a former Soviet republic.
		One of Rusal's biggest disadvantages compared with some international rivals, according to analysts, is the remote location of its smelters in Siberia in relation to the source of its alumina production sites.
	www.rusnet.nl /news/2003/10/06/businesseconomics_03_1612.shtml (691 words)

	Pravda.RU “Rusal” seizes Siberian industry’s throat
		Rusal guys have succeeded in conducting a campaign to ruin the company, apparently optimizing its technologies to be soon implied throughout the Irkutsk Region.
		By the way, Rusal is a shareholder at the Krasnoayrski Hydroelectric Power Station which supplies energy to KCPC.
		Rusal demands from the combine to pay the debts in full for the consumed energy, but the combine cannot meet the demand right away.
	english.pravda.ru /economics/2001/08/14/12461.html (2336 words)

	ATON EN > In the News / Press extracts
		Rusal and Alcoa said on Thursday they had reached agreement in principle under which Alcoa will purchase Rusal's controlling interests in the Samara and Belaya Kalitva plants.
		Rusal is still having to maintain these assets at extra cost, though.
		In addition, Rusal is geared towards smelting and, in view of this year's sharp increase in the price of primary aluminum, the margin has decreased at downstream units if not turned negative, Pestov said.
	www.aton.ru /en/news/publication.asp?id=80791 (433 words)

	Russia Newswire - Your PR support in Russia - RUSAL Publishes First Social Report in Compliance with UN Global Compact ...
		RUSAL provides employees with one of the best compensation/benefits packages in the industry and allocates more than $4 million annually to create opportunities for professional growth and career development.
		RUSAL delivers a number of social programs aimed at providing support to socially vulnerable groups and the development of youth initiatives, allocating an annual $10 million on charity.
		RUSAL joined the United Nations Global Compact in March 2002 and was one of the first Russian companies to do so.
	www.russianewswire.com /releases_headlines_details.php?id=1010 (656 words)

	RUSNET :: CIS Today :: 2003/03/31 :: NY court dismisses case against RusAl
		Judge John Koeltl did not rule on the substance of the claims, but said the plaintiffs failed to justify their argument that the Russian courts were corrupt and that it was impossible to obtain a fair trial.
		Michael Burrows from the New York legal firm Winston and Strawn, lead counsel for RusAl, said: "The plaintiff had no legitimate connection with New York or the US except in their desire to bring Rico cases against a foreign defendant." He estimated that the total legal costs so far amounted to more than $10m.
		Bruce Marks, the lead lawyer for the plaintiffs, stressed that his client was likely to appeal against the ruling, arguing that the judgment was "disappointing and flawed" and contained legal errors that opened the scope for appeal.
	www.rusnet.nl /news/2003/03/31/currentaffairs04.shtml (392 words)

	RUSAL’s Market Strategy Reflected in Strong Growth in Alloys Business
		RUSAL's revenues for the first half of 2004 rose to $2.6 bln (H1 2003 — $2.1 bln) due to a sharp increase in LME aluminium price and continued production growth.
		RUSAL changed its corporate structure with the formation of two new divisions — the Alumina and Aluminium Divisions, to manage its raw material and metal assets.
		RUSAL commenced a detailed feasibility study on the expansion and modernisation of its Friguia Alumina Refinery (Guinea).
	www.alunet.net /shownews.asp?ID=1515&type=3 (822 words)

	Russia's RusAl sets its sights on Orissa, plans $1bn alumina plant - The Economic Times (Site not responding. Last check: 2007-11-07)
		RusAl executives, however, could not be reached for their comments.
		RusAl was among a host of international aluminium majors who had bid for acquiring 29.2% equity stake in Nalco, as per the government’s privatisation programme for the PSU.
		RusAl, which already manages the Friguia alumina refinery, wanted to increase the production capacity of the refinery to 1.4m tonnes, from the 7 lakh tonnes per annum level.
	economictimes.indiatimes.com /articleshow/1005626.cms (481 words)

	Alexander Bulygin, RUSAL's CEO: Any Failure Is Critical To Business Because It Creates An Adverse Precedent (Site not responding. Last check: 2007-11-07)
		If the prosecutors win the suit, RUSAL may have its share that was purchased 5 years ago de-privatizsed.
		He believes that RUSAL will successfully convince the Ukrainian state that the company's actions were correct.
		RUSAL (formerly Russian Aluminium) was formed in 2000 on a par with the structures under control of Oleg Deripaska and Roman Abramovich.
	www.rusal.com /press/mass_media/vedomosti_1 (3145 words)

	ArmPort.com Forum: Message Board of Armenian Business & Trade Portal - powered by XMB (Site not responding. Last check: 2007-11-07)
		Arminfo Jul 25, 2003 12:47 PM The Russky Aluminy company (RusAl) is going to implement a large-scale program of modernization of the Armenal foil rolling plant.
		RusAl is currently holding a tender for selecting the program's contractor.
		In 2000-June 2003 RusAl invested $61 mln in Armenal, an Armenian-Russian JV founded in 2000 on the basis of the Kanaker Aluminum Plant.
	www.armport.com /Forum/viewthread.php?tid=437 (312 words)

	Boston.com / Business / Alcoa Said to Eye Two Russian Plants (Site not responding. Last check: 2007-11-07)
		A spokeswoman for RusAl said only that her company was interested in cooperation with Alcoa.
		It is the nature of our industry that the downstream activities are often undertaken in collaboration with others depending on their specialisations and customer base," RusAl spokeswoman Eugenia Harrison said.
		RusAl owns 99.2 percent of Samara and 81.3 percent of Belaya Kalitva.
	www.boston.com /business/articles/2004/02/17/alcoa_said_to_eye_two_russian_plants?mode=PF (363 words)

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