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United States

United Company RUSAL Plc (0486.HK)

0486.HK on Hong Kong Stock

5.97HKD
21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Rushydro sees no reason to finish building Boguchansk smelter after joining Rusal's Taishet project - CEO
Wednesday, 6 Sep 2017 11:49am EDT 

Sept 6 (Reuters) - :Russia's state-controlled power company Rushydro <<>> sees no reason to finish building of the second stage of Boguchansk aluminum smelter, its joint project with aluminium giant Rusal <<<0486.HK>>>, after it had agreed to join Rusal's Taishet project, Rushydro's head Nikolay Shulginov said.Boguchansk smelter, located in Eastern Siberia, operates at a capacity of 150,000 tonnes of aluminium a year and it is planned to reach 300,000 tonnes by end-2018, he said.According to Shulginov, there is no need to further increase the capacity to projected 600,000 tonnes, as the partners agreed to complete Taishet smelter.Last week Rushydro preliminarily approved taking stake in the Taishet project nR4N1LF001.Shulginov said Rusal is involved in raising project financing for Taishet.The parties have not informed on the fate of expanding the Boguchansk smelter, which they build on parity basis close to already built Boguchansk HPP.The decision was also conditioned upon whether Taishet smelter would be completed.Rusal's representative has not commented. In its second quarter results presentation Rusal said the decision on the second stage of Boguchansk smelter will be considered together with Rushydro."The transfer of new capacity from one project to another looks logical - Rushydro is trying to minimize the build-up of an indirect debt burden in conditions of explicit indication of the state that Taishet should be built", Vladimir Sklyar from Renaissance Capital said.  Full Article

United Company RUSAL updates on Sberbank facility agreements
Thursday, 31 Aug 2017 08:22pm EDT 

Sept 1 (Reuters) - United Company RUSAL PLC <0486.HK>:announces that combined credit facility agreement was executed by parties and came into force on 31 August 2017..  Full Article

United Company RUSAL says member of group enters contract
Tuesday, 29 Aug 2017 08:22pm EDT 

Aug 30 (Reuters) - United Company Rusal PLC <0486.HK>:member of group, as buyer, and associate of Blavatnik, as supplier, entered new purchase of raw materials for repairing contract..annual aggregate amount payable by group to associates of Blavatnik under new deal for fy17 estimated to be about $32.161 million..  Full Article

United Company RUSAL says HY net profit $470 mln
Thursday, 24 Aug 2017 08:11pm EDT 

Aug 25 (Reuters) - United Company Rusal PLC <0486.HK>:Looking ahead to the second half of the year, our outlook for the aluminium industry is positive.Global aluminium demand will increase by 5.9% year-on-year to 63.3 million tonnes in 2017.HY net profit $ 470 mln vs $261 mln a year ago.  Full Article

United Company RUSAL approves interim dividend of US$0.0197 per ordinary share
Thursday, 24 Aug 2017 08:08pm EDT 

Aug 25 (Reuters) - United Company RUSAL Plc <0486.HK>:Has also approved an interim dividend of US dollars 0.0197 per ordinary share.Interim dividend is expected to be paid on 10 October 2017.  Full Article

United Company RUSAL notifies sale of company shares
Thursday, 10 Aug 2017 08:21pm EDT 

Aug 11 (Reuters) - United Company RUSAL Plc <0486.HK>:Notified by Zonoville Investments it has entered into a sale and purchase agreement with Dimosenco Holdings​.Deal for USD503.9 million.Agreement for sale and purchase of 1.06 billion ordinary shares of co, representing 7% of issued share capital of co​.Dimosenco Holdings Co. Limited is the seller.  Full Article

United Company RUSAL says Q2 aluminium production totaled 921 thousand tonnes
Wednesday, 26 Jul 2017 08:21pm EDT 

July 27 (Reuters) - United Company Rusal Plc <0486.HK>:aluminium production in 2q17 totaled 921 thousand tonnes (+1.2% qoq).in 2q17, total alumina production increased by 2.1% qoq, totaling 1,928 thousand tonnes.in 2q17 aluminium sales totaled 1,002 thousand tonnes, up 1.7% qoq.in q217, bauxite output totaled 3,090 thousand tonnes (+7.7% qoq).announcement by Chinese regulator regarding winter capacity cuts is expected to result in an annualized production loss of 1.2 mn tonnes.expects that chinese aluminium market balance will improve in 2h2017 leading to much tighter market situation in 2018.expects another 2-3 mn tonnes of operating capacity to be closed by end of this year..  Full Article

Rushydro to decide on participation in Rusal's Taishet project in 2-3 months - Trutnev
Monday, 26 Jun 2017 05:16am EDT 

June 26 (Reuters) - :DECISION ON RUSHYDRO'S PARTICIPATION IN RUSAL'S <<<0486.HK>>> TAISHET PROJECT IS EXPECTED IN 2-3 MONTHS - RUSHYDRO'S CHAIRMAN YURI TRUTNEV SAID.CURRENTLY AN ECONOMIC ANALYSIS IS BEING CONDUCTED ON THE PROJECT, RUSAL IMPROVED ITS PROPOSALS - TRUTNEV.IN ANY CASE, THE DECISION WILL BE MADE ON CONDITION THAT THE PROJECT DOES NOT BEAR ANY RISKS FOR RUSHYDRO - TRUTNEV.  Full Article

United Company RUSAL announces facility agreement
Wednesday, 24 May 2017 08:26pm EDT 

May 25 (Reuters) - United Company RUSAL :inside Information Refinancing Facility .Company as borrower, ING Bank N.V. as facility agent and security agent, and lenders signed facility agreeement.new 2017 pre-export finance term facility agreement between, company, ing bank as facility agent and security agent, and lenders for $2 billion signed.proceeds of pxf 2017 will be used primarily for purpose of refinancing outstanding balance under combined PXF facility.proceeds of pxf 2017 will be used primarily for purpose of refinancing outstanding balance under combined pxf facility.in view of improved financial condition of company, covenant package was revised and certain restrictions were removed.group's ebitda is net of impact of nn shareholding (i.e. Excludes dividends paid on any of nn shares)..  Full Article

United Company RUSAL says qtrly adjusted profit $263 mln
Thursday, 11 May 2017 08:35pm EDT 

May 12 (Reuters) - United Company RUSAL Plc <0486.HK>::Qtrly recurring profit for the period $434 million versus $149 million.Qtrly adjusted profit for the period $263 million versus $27 million.In 1Q 2017 global aluminum demand grew by 5.5% yoy to 15 million tonnes.Sees 2017 global aluminum supply to grow by 4.3 pct to 61.6 million tonnes.Revenue in Q1 USD2,297 million as compared to USD2,027 million in preceding quarter.Global aluminum market deficit to widen to 1.1 million tonnes in 2017 versus 0.7 million tonnes in 2016."Aluminum market remained in robust health in Q1, with ex-China aluminium demand growing by 3.4% in 1Q 2017 yoy"."Aluminium demand is on track to grow by 5.0% to 62.7 million tonnes in 2017".Aluminium demand in China grew by 7.5 pct in 1Q 2017 yoy.  Full Article

BRIEF-United Company RUSAL updates on Sberbank facility agreements

* announces that combined credit facility agreement was executed by parties and came into force on 31 August 2017. Source text for Eikon: Further company coverage: