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  1. Business - Companies

    RUSAL posts 266pc drop in recurring Q2 profit

    Posted Aug 19th 2013, 10:31am by Reuters

    ... Reuters in Shanghai Russia’s United Company RUSAL, the world’s largest aluminium producer, reported a 266 per cent drop in second-quarter recurring net profit on Monday, far weaker than forecasts as aluminium prices continued to fall. RUSAL, which competes with US aluminium maker Alcoa, posted a recurring net loss of US$208 million in the three months ended June, compared ...

  2. Business - Commodities - METALS

    Rusal shifts to charging monthly premiums

    Posted Feb 15th 2013, 12:00am by Bloomberg

    ... Bloomberg in Moscow Rusal shifts to charging monthly premiums Rusal, the biggest aluminium producer, is setting premiums for its metal on a monthly basis instead of annually as in previous years to more closely link the payments it gets to market movements. "Rusal switched more than half of its contracts to floating premiums starting from this year," strategy director ...

  3. Business - Companies - EARNINGS

    Aluminium producer Rusal posts US$3.2b loss

    Posted Mar 29th 2014, 01:13am by Reuters

    ... Reuters Lower prices, charges leave Rusal at a loss Russian aluminium producer Rusal posted a US$3.2 billion loss for last year, hurt by lower prices and restructuring charges, and said ... of the metal in London Metal Exchange (LME) warehouses to record levels. Rusal's shares fell as much as 4 per cent after the results announcement before rebounding to close up 2.94 per cent ...

  4. Rusal profits sink under nickel weight

    Posted Mar 20th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Net profit at Hong Kong-listed aluminium giant Rusal nosedived 91.7 per cent to US$237 million last year, dragged down by its stake in Norilsk Nickel, ... year down from US$11.2 billion at the end of 2010. The revaluation led to a fourth-quarter loss of US$974 million, according to Rusal's financial report. Rusal paid US$14 billion ...

  5. Rising aluminium prices help Rusal profit

    Posted Apr 01st 2011, 12:00am

    ... Naomi Rovnick Profits at Rusal, the world's biggest aluminium producer, more than tripled last year on the back of rising aluminium prices and global economic recovery. Net income surged to US$2.9 billion from US$841 million in 2009. Rusal paid just US$144 million in income tax, less than 5 per cent of pre-tax earnings. In its annual results statement, Rusal admitted ...

  6. Chairman quits in battle for Rusal

    Posted Mar 14th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Rusal chairman Viktor Vekselberg has quit the aluminium giant, after locking horns with the Hong Kong-listed firm's biggest shareholder and chief executive, Russian tycoon Oleg Deripaska. Vekselberg, Rusal's second-largest shareholder with 24.42 per cent, said in his resignation letter that the company faced a 'deep crisis, ...

  7. Guinea adds to heat ahead of Rusal IPO

    Posted Jan 24th 2010, 12:00am by John Carney

    ... John Carney Russian aluminium giant Rusal is embroiled in fresh controversy days ahead of its stock exchange listing in Hong Kong. The government of Guinea- a key source of raw materials for the metals giant- has warned the Hong Kong Stock Exchange it has taken Rusal to court in the West African country, claiming it is owed US$860 million. 'We wanted to inform the eventual buyers ...

  8. Rusal shares fall on fears over Norilsk stake

    Posted Mar 12th 2011, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Rusal shares slumped to a one-month low yesterday as investors bet that the company is set to lose a key battle in the feud between the aluminium giant's chairman, Oleg Deripaska, and rival oligarch Vladimir Potanin for control of Norilsk Nickel. Shareholders of the nickel miner met yesterday in Moscow to vote on a Rusal resolution to remove Norilsk's board ...

  9. Rusal says it won't sell nickel stake

    Posted Nov 13th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Indebted Russian aluminium giant Rusal has insisted it will not sell its 25 per cent stake in domestic metals group Norilsk Nickel. The nickel firm, which Rusal bought ... Russian media last month he had formed a consortium to buy Rusal's stake, valued at US$9.3 billion in Moscow, for US$9 billion. While Rusal has US$11.75 billion of loans, the aluminium ...

  10. Business - Companies - METALS

    Rusal to cut aluminium output after lower prices, higher costs eat into interim earnings

    Posted Aug 27th 2012, 01:36pm by AFP

    ... Russian aluminium giant Rusal said Monday it would cut production after seeing its net profit fall 95.25 per cent in the first six months of the year, hit by falling prices and rising ... rebound have made planning especially difficult,” he said in the earnings report. “As for the second half of 2012, uncertainty is likely to continue to cloud the global economic outlook.”Rusal ...




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