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United Company RUSAL Plc (0486.HK)

0486.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

United Company Rusal Enters Addendum With JSC "Ienc"
Monday, 12 Nov 2018 

Nov 12 (Reuters) - United Company RUSAL Plc <0486.HK>::ENTERED ADDENDUM WITH JSC "IENC", FOR JSC TO PROVIDE ELECTRICAL GRID CONNECTION SERVICES TO UNITED COMPANY RUSAL ANODE PLANT.  Full Article

U.S. Sets Nov. 12 Deadline For Investors To Divest Holdings Of Rusal, EN+
Monday, 24 Sep 2018 

Sept 24 (Reuters) - En+ Group PLC ::EN+ GROUP PLC - OFAC EXTENDS AUTHORISATION DATE OF GENERAL LICENSES 13D, 14A AND 16A TO 12.EN+ - U.S. OFFICE OF FOREIGN ASSETS CONTROL EXTENDED EXPIRATION DATE OF CERTAIN GENERAL LICENSES RELATED TO COMPANY AND UNITED COMPANY RUSAL PLC.EN+ GROUP PLC -EXPIRATION DATES OF LICENSES 13D, 14A, AND 16A EXTENDED TO 12 NOVEMBER 2018.EN+ GROUP PLC - COMPANY PROCEEDS IN ITS ENGAGEMENT WITH OFAC AND OTHER RELEVANT COUNTERPARTIES WITH AIM OF FULLY IMPLEMENTING BARKER PLAN.  Full Article

United Company Rusal Posts Qtrly Recurring Net Profit Of $440 Mln
Monday, 6 Aug 2018 

Aug 6 (Reuters) - United Company RUSAL Plc <0486.HK>::QTRLY REVENUE $ 2,253 MILLION VERSUS $2,467 MILLION.Q2 ADJUSTED NET PROFIT $ 218 MILLION VERSUS $202 MILLION.NO DIVIDENDS WERE RECOMMENDED OR APPROVED BY BOARD DURING FIRST SIX MONTHS OF 2018.QTRLY RECURRING NET PROFIT $ 440 MILLION VERSUS $ 252 MILLION.  Full Article

Norsk Hydro's underlying Q2 EBIT in line, sees stronger aluminium deficit in 2018
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Norsk Hydro Asa ::WE SEE GLOBAL PRIMARY ALUMINIUM MARKET IN A STRONGER DEFICIT IN 2018.NORSK HYDRO Q2 REVENUES NOK 41,254 MILLION (REUTERS POLL NOK 40.1 BILLION).NORSK HYDRO Q2 UNDERLYING EBIT NOK 2,713 MILLION (REUTERS POLL NOK 2.72 BILLION).NORSK HYDRO Q2 UNDERLYING EBITDA NOK 4,586 MILLION (REUTERS POLL NOK 4.51 BILLION).MAINTAIN A GLOBAL PRIMARY ALUMINIUM DEMAND GROWTH OF 4-5 PERCENT IN 2018.MARKET UNCERTAINTY CONTINUE ON US TARIFFS, US SANCTIONS ON RUSAL AND BRAZIL SITUATION.WE ARE CONTINUING OUR DIALOGUE WITH BRAZILIAN AUTHORITIES, AIMING TO RESUME NORMAL OPERATION AT ALUNORTE AS SOON AS POSSIBLE.PROCESS TO RESOLVE SITUATION IN BRAZIL IS CHALLENGING AND HAS TAKEN LONGER THAN EXPECTED.WE HAVE IMPLEMENTED MEASURES THAT ENABLE ALUNORTE TO OPERATE SAFELY ALSO GOING FORWARD, BUT TIMING FOR RESUMING FULL PRODUCTION REMAINS UNCERTAIN.THE DURATION OF ALUNORTE CURTAILMENT IS UNCERTAIN, AS WELL AS THE OPERATIONAL AND FINANCIAL IMPACTS FOR HYDRO, DEPENDING, AMONGST OTHER THINGS, ON THE DEVELOPMENT OF THE MARKET PRICES FOR ALUMINUM, ALUMINA AND OTHER RAW MATERIALS.FINDINGS OF AN INTERNAL AND AN EXTERNAL TASK FORCE CONFIRM THAT THERE WAS NO OVERFLOW FROM THE BAUXITE RESIDUE DEPOSIT AREAS AS WELL AS NO INDICATION OR EVIDENCE OF CONTAMINATION TO NEARBY LOCAL COMMUNITIES FROM ALUNORTE AS A RESULT OF THE HEAVY RAINFALL.  Full Article

United Company Rusal Updates On Sanctions
Thursday, 24 May 2018 

May 24 (Reuters) - United Company RUSAL Plc <0486.HK>::SIGNIFICANT NUMBER OF COUNTERPARTIES HAVE RAISED CONCERNS WITH RESPECT TO ANY NEW CONTRACTS WITH COMPANIES OF GROUP.UNLESS SANCTIONS LIFTED/NEW LICENSE GRANTED TO CO, INTERNATIONAL FINANCIAL INSTITUTIONS LIKELY TO DISCONTINUE OPERATIONS WITH CO POST OCT 23.UNLESS SANCTIONS ARE LIFTED OR NEW LICENSE IS GRANTED BY OFAC, CO'S PRODUCTION OF METAL AND SALES WOULD BE "SEVERELY IMPACTED".REDUCED SALES AND ADDITIONAL COST OF RE-ARRANGEMENT OF ENTIRE SUPPLY CHAIN MAY RESULT IN REDUCTION OF EBITDA AND CASH FLOWS.CO MAY NOT BE ABLE TO MAINTAIN ITS OPERATING PERFORMANCE AT A CERTAIN LEVEL REQUIRED TO SERVICE AND REPAY ITS INDEBTEDNESS.CREDITORS MAY ACCELERATE REPAYMENT IF CO UNABLE TO KEEP OPERATING PERFORMANCE AT LEVEL NEEDED TO SERVICE & REPAY INDEBTEDNESS.  Full Article

United Company Rusal PLC Posts Q1 Recurring Profit Of $531 Mln
Friday, 11 May 2018 

May 11 (Reuters) - United Company RUSAL Plc <0486.HK>::Q1 RECURRING PROFIT $531 MLN VS $434 MLN A YEAR AGO.Q1 REVENUE $2,744 MLN VS $2,297 MLN A YEAR AGO.QTRLY ADJUSTED PROFIT FOR THE PERIOD $317 MLN VS $263 MLN .CURRENT SITUATION ON THE MARKET IS LARGELY AFFECTED BY OFAC SANCTIONS IMPOSED ON 6 APRIL 2018."IN PRESENT CIRCUMSTANCES ANY FORECAST OR OUTLOOK MADE OR PREVIOUSLY MADE SHOULD BE DEEMED UNRELIABLE AND MAY BECOME IRRELEVANT" .LONGER TERM EFFECTS OF OFAC SANCTIONS, AS WELL AS THE THREAT OF ADDITIONAL FUTURE SANCTIONS, ARE DIFFICULT TO DETERMINE.HIGHLY LIKELY THAT THE IMPACT OF OFAC SANCTIONS ON GROUP MAY BE MATERIALLY ADVERSE TO THE BUSINESS.  Full Article

United Company Rusal Updates On Delisting Of Global Depositary Receipts From Euronext Paris
Thursday, 19 Apr 2018 

April 19 (Reuters) - United Company RUSAL Plc <0486.HK>::UPDATES ON DELISTING OF GLOBAL DEPOSITARY RECEIPTS FROM EURONEXT PARIS.INFORMED BY CACEIS CORPORATE TRUST THAT PROVISION OF SERVICES AS CENTRALIZING BROKER FOR ORDERLY SALE PROCEDURE WAS TERMINATED.ACCORDINGLY, ORDERLY SALE PROCEDURE ANNOUNCED BY CO ON 5 APRIL REGARDING DELISTING OF GDSS FROM EURONEXT PARIS IS TERMINATED.REMAINS FOCUSED ON PURSUANCE OF DELISTING OF GDS FROM EURONEXT PARIS AND INTENDS TO CONTINUE DISCUSSIONS WITH EURONEXT.IN ONGOING DISCUSSIONS WITH EURONEXT PARIS SA AND BANK OF NEW YORK MELLON TO PROTECT INTERESTS OF ITS SECURITIES HOLDERS.  Full Article

Russia's Rusal reports about offer on Norilsk Nickel shares
Monday, 19 Feb 2018 

Feb 19 (Reuters) - United Company Rusal Plc <0486.HK> says::RUSSIA'S RUSAL SAYS RECEIVED A LETTER FROM CRISPIAN INFORMING THE COMPANY THAT CRISPIAN HAD RECEIVED AN OFFER FROM BONICO HOLDINGS TO BUY 6,313,994 ORDINARY SHARES HELD BY CRISPIAN IN NORILSK NICKEL.RUSSIA'S RUSAL SAYS THE OFFER PRICE IS $234.00 PER OFFERED SHARE AND US$23.40 PER AMERICAN DEPOSITARY RECEIPT (PLUS INTEREST) .RUSSIA'S RUSAL SAYSBY THE LETTER CRISPIAN PURPORTED TO GIVE EACH OF THE COMPANY AND WHITELEAVE HOLDINGS LIMITED A NOTICE OF A RIGHT OF FIRST REFUSAL TO ACQUIRE THE OFFERED SHARES ON THE TERMS OF A NON-NEGOTIABLE SALE AND PURCHASE AGREEMENT.RUSSIA'S RUSAL SAYSON 12 FEBRUARY 2018 THE COMPANY COMMENCED ITS LEGAL CHALLENGE, IN THE HIGH COURT IN LONDON AND PURSUANT TO THE DISPUTE RESOLUTION MECHANISMS SET OUT IN THE AGREEMENT DATED 10 DECEMBER 2012.  Full Article

United Company Rusal ‍Says Q4 Aluminium Production Totaled 944 Thousand Tonnes
Monday, 5 Feb 2018 

Feb 5 (Reuters) - United Company Rusal Plc <0486.HK>::‍ALUMINIUM PRODUCTION IN 4Q17 TOTALED 944 THOUSAND TONNES, UP 1.4 PCT QUARTER-ON-QUARTER​.COMPANY EXPECTS THAT SALES MIX WILL TREND TOWARDS PRODUCTION MIX AND TARGETS 50-52 PCT SHARE OF VAPS THROUGH 2018.IN 4Q17 ALUMINIUM SALES INCREASED 3.3 PCT QOQ, TOTALING 1 MILLION TONNES.IN Q4 AVERAGE ALUMINIUM REALIZED PRICE INCREASED BY 6.5 PCT Q/Q TO USD2,263/T.‍UC RUSAL ESTIMATED DEMAND FOR ALUMINUM IN CHINA IN 2017 GREW BY 7.8 PCT TO 34.9 MILLION TONNES​.IN 4Q17, TOTAL ALUMINA PRODUCTION INCREASED BY 1.3 PCT QOQ, TOTALING 1,990 THOUSAND TONNES.‍IN 4Q17, BAUXITE PRODUCTION INCREASED BY 7.4 PCT Q-O-Q TO 2,945 THOUSAND TONNES​.ESTIMATES WINTER CAPACITY CUTS WILL RESULT IN ANNUALIZED PRODUCTION LOSSES OF 1 MILLION TONNES OF METAL & 4.4 MILLION TONNES OF ALUMINA.  Full Article

United Company Rusal Announces Alumina And Hydrate Contract
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - United Company Rusal PLC <0486.HK>::UC RUSAL TRADING HOUSE JSC, AS BUYER, AND BASELCEMENT-PIKALYOVO LLC, AS SUPPLIER, WILL ENTER INTO A CONTRACT.BASELCEMENT-PIKALYOVO LLC AGREED TO SELL ALUMINA AND HYDRATE.A CORPORATE GUARANTEE IS PROVIDED BY A MEMBER OF GROUP TO ASSIST BASELCEMENT-PIKALEVO LLC.UNDER CORPORATE GUARANTEE, LENDING AMOUNT: UP TO RUB1 BILLION.  Full Article

METALS-Copper eases after China imports drop y/y, factory price growth cools

(Adds Shanghai closing prices, updates London prices) BEIJING, Dec 10 Copper eased in London and Shanghai on Monday, as customs data released over the weekend showed a 3 percent year-on-year drop in unwrought copper imports by top consumer China, and Sino-U.S. trade tensions continued to weigh on prices. Imports came in at 456,000 tonnes in November, down from 470,000 tonnes a year earlier but up 8.6 percent from October. The year-on-year decline was "somewhat expected,