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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 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

United Company Rusal Enters Purchase Of Assets Contracts
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - United Company Rusal Plc <0486.HK>::MEMBERS OF GROUP, AS BUYERS, ENTERED INTO NEW PURCHASE OF ASSETS CONTRACTS WITH ASSOCIATES OF DERIPASKA, AS SELLERS​.‍ANNUAL AGGREGATE TRANSACTION AMOUNTS FOR FY17 IS ESTIMATED TO BE APPROXIMATELY $9.739 MILLION.​.  Full Article

United Company RUSAL qtrly adjusted profit $262 mln
Monday, 13 Nov 2017 

Nov 13 (Reuters) - United Company RUSAL Plc <0486.HK>::Revenue in Q3 of 2017 increased by 19.4% to USD2,460 million​.Adjusted net profit and recurring net profit of usd727 million and USD1,122 million, respectively, for nine months of 2017.Qtrly adjusted profit for the period $262​ million versus $181 million.Qtrly recurring profit for the period $‍436​ million versus $327 million​.Global aluminium demand expected to grow by 5.9% from 5.7% in 2017 to 63.1 million tonnes as a result of strong growth in Russia, EU​.Chinese semis export are expected to drop in 4Q17- 1H18 due to a tight domestic market and negative export arbitrage​.Expects that during winter season, Chinese aluminium market balance may become very tight​.‍UC Rusal estimates global demand for primary aluminium of 47.8 million tonnes during first three quarters of year​.Global aluminium market deficit is expected to grow 1.1 million tonnes in 2017 as compared to 0.4 million tonnes in 2016​.Chinese semis export are expected to drop in 4Q17- 1H18 due to tight domestic market and negative export arbitrage‍​.  Full Article

United Company Rusal says Aluminium production in Q3 totaled 931 thousand tonnes
Monday, 23 Oct 2017 

Oct 23 (Reuters) - United Company Rusal Plc <0486.HK>:Aluminium production in Q3 totaled 931 thousand tonnes, up 1.1 percent QOQ (not down 3.4 percent QOQ)​.‍In 3Q17, aluminium sales decreased (-3.4% QOQ) totaling 968 thousand tonnes​.As expected chinese semis exports are expected to drop in 4Q17- 1H18 due to tight domestic market and negative export arbitrage​.‍UC Rusal estimates that global aluminium demand grew by 5.9% year-on-year in 9 months of 2017 to 47.8 million tonnes​.In 3Q17 consolidated bauxites output decreased by 11.3%, totaling 2,742 thousand tonnes.‍In 3Q17, total alumina production increased by 1.9% QOQ, totaling 1,965 thousand tonnes.​.‍Rusal expects that during winter season, Chinese aluminium market balance may become very tight.​.‍expects net debt of group as at 30 September 2017 to be below US$7.7 billion​.  Full Article

United Company Rusal ‍posts aluminium sales totaling 968 thousand tonnes in Q3​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - United Company Rusal Plc <0486.HK>:‍In 3Q17, aluminium sales decreased (-3.4% qoq) totaling 968 thousand tonnes​.‍Aluminium production in 3Q17 totaled 931 thousand tonnes (-3.4% qoq)​.As expected chinese semis exports are expected to drop in 4Q17- 1H18 due to tight domestic market and negative export arbitrage​.‍UC Rusal estimates that global aluminium demand grew by 5.9% year-on-year in 9 months of 2017 to 47.8 million tonnes​.In 3Q17 consolidated bauxites output decreased by 11.3%, totaling 2,742 thousand tonnes.‍in 3Q17, total alumina production increased by 1.9% QOQ, totaling 1,965 thousand tonnes.​.‍rusal expects that during winter season, Chinese aluminium market balance may become very tight.​.‍Expects net debt of group as at 30 September 2017 to be below US$7.7 billion​.  Full Article