Rusal

From Wikipedia, the free encyclopedia

OAO Russian Aluminium
Image:RUSAL LOGO.gif
Type Private
Founded 30 March 2000
Headquarters Flag of Russia Moscow
Key people Alexander Bulygin, Chief Executive Officer
Industry Mining
Metallurgy
Products Aluminium
Aluminium alloys
Bauxite
Alumina
Revenue ~ US$6.5 bn 2005
Employees 50,000
Slogan The Industry of Growth
Website http://www.rusal.com/

Rusal (Russian: РУСАЛ (Русский алюминий)) is Russia's largest aluminium company. Rusal accounts for up to 10% of the world aluminium market and 70% of the domestic Russian aluminium market.[1] It is one of the 3 biggest aluminium and bauxite producing companies in the world.[2]

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Russia's bauxite reserves are located primarily in the Northern Ural Mountain area. The Sevuralboksitruda bauxite mine there currently accounts for over 70% of Russia's bauxite assets.[3] During the 1900s, a large aluminium industry grew up in Russia based on these strategic reserves. In the 1990s, when the era of privatization began in Russia, Roman Abramovich, the Russian billionaire and current owner of English football club Chelsea F.C., began acquiring mining and processing facilities, including the metals assets of billionaire Oleg Deripaska, and merged them to form Rusal in 2000. The modern, unified company is now the largest privately-held aluminium company in the world. [4]

However, in 2003, Roman Abramovich sold his 25% stake in RusAl for about $1.8 billion back to Oleg Deripaska, who already owned 50 percent. [5][6]

The 25 percent stake Boris Berezovsky and Badri Patarkatsishvili held in RusAl was sold between 2003 and 2004. [7]

On 9 October 2006, Rusal, SUAL Group and Swiss commodities trader Glencore announced their merger. SUAL is a large aluminium company that had previously been Rusal's primary competitor in Russia.[8]

Rusal owns and operates 4 aluminium smelters and 3 alumina processors in Russia:

  • Achinsk Alumina Refinery
  • Boksitogorsk Alumina Refinery
  • Nikolaev Alumina Refinery

  • Alumina Company of Guinea (ACG) - Friguia alumina production facilities
  • Compagnie des Bauxites de Kindia - development of the Debele bauxite deposit
  • Compagnie de Bauxite et d'Alumine de Dian - in Dian Dian

  • Bauxite Company of Guyana

  • Queensland Alumina Refinery - minority ownership

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