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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 - Commodities - METAL TRADING

    LME prevails in legal battle with Rusal on metal warehouse reform

    Posted Oct 09th 2014, 05:43am by Reuters

    ... Reuters in London Ruling means London-based exchange is free to move ahead with reforms designed to speed up deliveries of metal from its depots worldwide LME Rusal win clears way ... LME's legal win, analysts said. A three-judge panel at Britain's Court of Appeal overturned an original March ruling in favour of Russian aluminium giant Rusal. That had derailed a key ...

  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. Business - Banking & Finance - DEBT

    Lenders give Rusal green light to restructure US$5.15b debt

    Posted Aug 04th 2014, 05:54pm by Reuters

    ... Reuters in Melbourne Russia’s Rusal said on Monday it has won approval from all its lenders to restructure more than US$5 billion in loans, which will help it weather a weak aluminium market. The agreement to roll two facilities worth US$4.75 billion and US$400 million into one comes after United Company Rusal, the world’s largest aluminium producer, avoided default in July ...

  6. Business - Comment - LAI SEE

    China Development Bank playing hardball over Rusal loan reform

    Posted Apr 18th 2014, 01:13am by Howard Winn

    ... Howard Winn We see that events around one of our favourite stocks Rusal remain as confused as ever. The Russian aluminium company has attracted some interest with a Hong Kong stock ... transaction because Renaissance is owned by Mikhail Prokhorov, is a 17 per cent shareholder in Rusal and his nominee sits on the Rusal board. Interestingly the subsidiary is not mentioned. Rusal has ...

  7. 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 ...

  8. 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, ...

  9. Business - Money

    British court clears London Metal Exchange to appeal Rusal ruling

    Posted May 16th 2014, 01:05am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com LME gets to appeal Rusal ruling England's Court of Appeal has allowed the London Metal Exchange (LME) to challenge a lower court's ruling against it, in a case brought by Russian aluminium giant Rusal to block the exchange's plan to reform its warehouse policy. "In my view, the grounds of appeal have a real prospect of success," ...

  10. 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 ...




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