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Defamatory accusations spread via the media Oleg Deripaska and UC Rusal have thus suffered a further legal defeat, after the Swiss Federal Criminal Court had already talked of "untenable allegations" when rejecting the parties' objection to a previous... Full Article at PR Newswire
Deripaska». Depuis août 2011, Deripaska (UC Rusal) avait déposé en Suisse toute une série de plaintes. Par cette décision réitérée de non-entrée en matière du MPC, il vient d'être débouté de l'ensemble de ses prétentions. Le MPC estime qu'il n'y a pas... Full Article at PR Newswire
All the companies’ contracts will be looked into; it’s not only Vale and Rusal
Gegen die Strafanzeigen wurde von der Bundesanwaltschaft (BA) "Nichtanhandnahme" verfügt. Seit August 2011 hatte Deripaska (UC Rusal) in der Schweiz eine ganze Serie von Strafanzeigen eingereicht. Mit dieser Full Article at premium presse 5
The decision, which is expected to cost 344 jobs, ignited a bitter debate over the carbon tax during question time in parliament and sparked calls from John Hannagan - the Australian chairman of Rusal, a major rival aluminium producer - for the carbon... Full Article at Herald Sun
“That equates to 6.4 percent to 13 percent of total capacity, which is 4.7 million tons, Rusal’s website shows.” However, in the vein of some Chinese smelters, as MetalMiner reported last week, Rusal is sending mixed signals on the smelting-capacity... Full Article at Seeking Alpha
They will start with the most contentious contracts, for example the BSG-Vale joint venture or potentially Rusal’s Friguia, which has had lots of problems with the government
It argues the carbon tax will force shrinkage in the industry's share of growth in the global market for alumina, an intermediate product used in producing aluminium. THE turmoil sweeping markets is so far more about political risk than a repeat of the... Full Article at The Australian
Viktor Vekselberg’s IES Holding ended talks on selling Russian power generating assets to aluminum producer United Co. Rusal as its terms weren’t met. The government last year supported Rusal’s purchase of IES’s Bogoslovskaya power plant and... Full Article at Bloomberg.com
Analysts unanimously said that it is a challenging environment for all aluminium producers, including Rusal, because they are operating in a high cost and low aluminium price market. “It’s a global trend and global shutdown [of high cost aluminium... Full Article at Metal Bulletin
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All the companies’ contracts will be looked into; it’s not only Vale and Rusal
They will start with the most contentious contracts, for example the BSG-Vale joint venture or potentially Rusal’s Friguia, which has had lots of problems with the government
The contracts make Rusal too much dependent on Glencore, basically turning the company into Glencore's production unit
I can't see this dispute as something that may change Rusal's strategy... but there will be arbitrage and we will see
I can’t see this dispute as something that will change Rusal’s strategy. There will be an arbitration and we will see what comes out of that
Sual seeks ... injunctive relief against ... [Rusal] preventing it from performing the contracts, rescission of the contracts, and damages against ... the company.
certain contracts between [Rusal] and Glencore were entered into (or are to be entered into) in breach of the shareholder arrangements
Despite the deterioration of the global economy during the second half of last year, ongoing cost pressures across the whole commodities sector and a particularly challenging fourth quarter in 2011, Rusal delivered a solid financial performance during the year
I especially look forward to working with both the management and the board to help Rusal build on its current strong business base to reach the next stage of growth
Norilsk dividends will significantly help Rusal’s cash flow ... The chairman said that the company’s in a deep crisis but we’ve seen that it’s improving. Norilsk has a diversified metals portfolio. You need to diversify to even out your earnings volatility.
It seems to me that Viktor Vekselberg,even receiving proposals [on selling the stake in Rusal], routinelydeclines them to increase the price
Investors are concerned about Rusal’s corporate governance
If Norilsk is able to buy back its Rusal-owned stake, this definitely would be a positive development for the company
Rusal . . . transformed from an international leader of the aluminium industry into a company overburdened with debt and entangled in numerous lawsuits and social conflicts.
Rusal chairman quits in oligarch fight
There is no crisis in Rusal, neither deep, nor shallow
Due to the actions of its management, Rusal is now facing a deep crisis ... Rusal, in my opinion, transformed from an international leader of the aluminum industry into a company overburdened with debt and entangled in numerous lawsuits and social conflicts.
Due to the actions of its management, Rusal is presently facing a deep crisis, as a result of which Rusal has, in my opinion, deteriorated from an international aluminum leader into a company overburdened with debt and entangled in numerous lawsuits and social conflicts
Frustration has risen over refusal to sell the Norilsk stake and use of available cash at Rusal
The news could be damaging to [Rusal's public relations image] rather than having any impact on operations, as the company is run solely by Deripaska, in our view
Frustration has risen over refusal to sell the Norilsk stake and use of available cash at Rusal ... slightly improving the prospects for a disposal of the Norilsk stake.
Norilsk's focus is on payouts, not on acquiring this stake, we believe. We expect no near-term solution to either the Rusal shareholder conflict or the Rusal Norilsk holding issue.
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