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UC RUSAL may preserve some assets for the production of aluminum

As reported the press-center of the combined company «RUSAL», the Board of Directors of the Group of the 16th of August this year had to consider regarding the temporary preservation of the electrolysis cycle lines in several enterprises 'West' aluminum division. Recently, Oleg Deripaska, who served as CEO and co-owner of «Rusal», gave a statement in which he said that due to the significant deterioration in the financial performance of the company by its management will be raised on the temporary preservation of the aluminum production at Nadvoitsy, Ural, Volgograd, Theology Kolhovskom and aluminum smelters. According to experts, if the work of the above-mentioned assets will be suspended again to resume production at these mills would be appropriate only if the price of aluminum on the world market again will reach 2,400 US dollars per ton.

Earlier media reported that some time ago the leadership of the concern has been raised the question of suspension of work at the Theological aluminum smelter (BAZ) mean high production costs associated with the increase in the cost of electricity. However, this problem was solved this summer: the situation has stabilized after the acquisition of «Rusal» in IES Theological CHP and after the conclusion of their new contracts with «Rosenergoatom» (in which the plant from the Beloyarsk nuclear power plant before the end of next year, will supply electricity for reduced price).

Recall: UC «RUSAL» was founded in March 2007 by combining OJSC «RUSAL», JSC «SUAL» and «Glencore International AG». Today, this company is a leading worldwide producer of aluminum and alumina. O. K. Assets «RUSAL», comprising eleven fifteen aluminum and alumina refineries, eight companies producing bauxite, the two companies for the production of silicon, three plants producing powder products, two plant producing secondary aluminum, four foil mills, cryolite, two and one cathode plants, located in nineteen countries on five continents. Last year, the concern was totally produced 4.173 million. Tons of aluminum. To date, the UC «RUSAL» operates 72 thousand employees.

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