United Company Rusal, the metals conglomerate owned by Russian billionaire Oleg Deripaska, is attempting to reverse the buyback of Norilsk Nickel after the court order freezing the buyback had come too late.
When the minority shareholders of Norilsk Nickel confirmed a $2 billion buyout in August, Deripaska demanded a dividend payout instead. The controversial metals tycoon [...]
Head of Interros and one of the main shareholders of Norilsk Nickel Vladimir Potanin has recommended the managers of the Russian mining and metallurgical company to launch a new round of talks with UC RUSAL on the divestment of energy assets into an independent company, the Russian businessman told journalists today. Potanin noted that he [...]
United Company RUSAL, the world`s largest aluminium producer, is considering mining the raw material bauxite in Mozambique, Interfax news agency reported, citing a Russian government official.
Officials from RUSAL held discussions in December about developing bauxite reserves in the African country, Interfax quoted Mikhail Kamyshin, official representative of Russia`s foreign ministry, as saying.
He was speaking ahead [...]
Russia’s OAO Rusal dethroned Alcoa Inc. as the world’s biggest aluminum producer Monday after announcing a three-way merger that will create a US$30 billion (€23 billion) giant with 12 percent of global output.
The deal underscored the rise of Russia’s commodities-based industries, which have reaped the benefits of low costs and soaring world prices, as well [...]
The Russian aluminum company Rusal on Monday announced a three-way merger to create the world’s biggest aluminum producer, dethroning the U.S. aluminum maker Alcoa and underscoring the rise of Russia’s commodity-based industries against a backdrop of rising prices.
Under the terms of the agreement, Rusal, which is controlled by the Russian billionaire Oleg Deripaska, will issue [...]
Producers Rusal and Sual reportedly will team with Swiss Glencore to form the world’s top aluminum producer, beating Alcoa for the No.1 spot
The deal was openly rumored for weeks, and now it appears to be real. On Oct. 4, according to leaks in the Russian media, Russia’s two largest aluminum producers, Rusal and Sual, and [...]
