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July 23 (Reuters) – The world’s top aluminium producer Russia’s UC RUSAL (0486.HK) (RUAL.PA) said on Friday it had restarted operations at its Windalco Ewarton alumina plant in Jamaica mothballed in 2009 due to the economic crisis.
RUSAL said in a statement it plans to refine by the end of the year around 321,000 tonnes of alumina, an intermediate product for aluminium smelting, at the refinery, which has an annual capacity of 650,000 tonnes. (Reporting by Aleksandras Budrys)
June 10 (Reuters) – Artyom Volynets, former corporate strategy director for the world’s top aluminium producer, UC RUSAL (0486.HK) (RUAL.PA), has been promoted to first deputy CEO of major shareholder EN+, EN+ said on Thursday.
EN+, an investment vehicle of tycoon Oleg Deripaska, owns a 47.59 percent stake in UC RUSAL.
Volynets, who led RUSAL’s share placement on the Hong Kong and Paris bourses, will lead the execution of the strategy of EN+, which “envisages subsidiary companies future listings on well-established stock exchanges,” EN+ said in a statement.
Two more subsidiaries of EN+ — ferro-molybdenum alloy producer Strikeforce Mining and Resources (SMR) also known as SoyuzMetalResurs and energy company EN+ Power are planning an initial public offering in Hong Kong. [ID:nTOE64908V]
In a separate statement, RUSAL said that Volynets’ post in the company would be occupied by Maxim Sokov, former investment management director at the metals giant Norilsk Nickel (GMKN.MM), in which RUSAL has a 25 percent stake. (Reporting by Polina Devitt and Aleksandras Budrys; editing by Simon Jessop)
HONG KONG, April 12 (Reuters) – Russia’s UC RUSAL (0486.HK) (RUAL.PA), the world’s biggest aluminium producer, sees improvements in the global alumunium market and expects sales in Asia to reach 30 percent of its total this year, up from 20 percent last year, a company executive said on Monday.
That rise would be helped by China’s growing aluminium consumption, which would likely rise 20 percent in 2010, said Artem Volynets, deputy chief executive for strategy and business development, speaking to reporters in Hong Kong.
Rusal also expected to complete project financing worth $700 million in the next six months, said Chief Executive Oleg Deripaska.
HONG KONG, April 12 (Reuters) – Hong Kong shares are set to
rise 0.81 percent on Monday to a fresh three-month high, with
shares of UC RUSAL (0486.HK) up after it said it swung to a
profit in 2009, and further helped by expectations of a rise in
the yuan.
The benchmark Hang Seng Index .HSI was up 180.27 points at
22,388.77. The China Enterprise Index .HSCE of top locally
listed mainland Chinese stocks was up 0.9 percent at 13,163.7.
UC RUSAL (RUAL.PA), the world’s biggest aluminium producer,
was up 2.7 percent after reporting a 2009 net profit of $821
million, compared with a $5.98 billion loss in 2008
HONG KONG, April 12 (Reuters) – Hong Kong stocks are likely
to extend a three-month high on Monday after U.S. data reinforced
bets on an improving economy, while speculation of an impending
yuan appreciation may further help gains.
“Liquidity is strong and we’ve seen very good turnover the
past couple of days, all pointing to a strong performance this
week,” said Patrick Yiu, director at CASH Asset Management.
“The Hong Kong dollar is also trading at the upper end of the
peg, which shows strong demand for the currency, and points to
lots of capital inflows. This may help push up index plays and
the better-known stocks.”
Hong Kong stocks rose 1.56 percent on Friday to their
strongest close in almost three months. [ID:nTOE63803M]
Russia’s UC RUSAL (0486.HK) (RUAL.PA), the world’s biggest
aluminium producer, could open higher after it said it swung to a
profit in 2009, helped by cost reduction initiatives.
By 0116 GMT, Japan’s Nikkei Average .N225 was up about 1
percent, while South Korea’s Composite Stock Price Index
was down 0.3 percent.
STOCKS TO WATCH
* Russia’s UC RUSAL said it swung to a profit in 2009 boosted
by cost reduction initiatives. The company, which raised $2.2
billion when it became the first non-Asian company to list in
Hong Kong earlier this year, reported a net 2009 profit of $821
million, compared with a loss of $5.98 billion in 2008.
[ID:nHKV002320]
* UC RUSAL Monday announced the restart of Ewarton Works
Plant, an alumina refinery in Jamaica owned by its joint venture
with the Jamaican government, West Indies Alumina Co. The plant,
which was shut down in March 2009 due to cost reduction measures,
will restart operation on June 1, 2010. For statement please
click
here
* Commercial property developer SOHO China (0410.HK) said it
planned to increase its investments in 2010, but will be cautious
in the face of domestic housing prices it believes are rocketing
at unsustainable rates. [ID:nTOE636076].
* China Pharmaceutical Group Ltd (1093.HK) expects finished
drugs to account for 70 percent of turnover in three to five
years, more than doubling from current levels, its chairman said
on Friday. [ID:nHKV002318]
* BOC Hong Kong (Holdings) (2388.HK) said on Sunday two of
its employees have been charged by the Hong Kong police in
connection with the sale of Lehman Brothers-related structured
products on behalf of the bank while a third employee was also
arrested but may or may not be charged. The bank said the
incident would not have a material impact on the operation and
financial position of the company and its subsidiaries. For
statement click
here
* Fruit juice concentrate maker China Haisheng Juice Holdings
(0359.HK) said it would buy juice concentrates processors Yi Tian
Juice (Shaanxi) and Laiyang Yi Tian Juice Co from Japanese
conglomerate Itochu Corp for 26.50 million yuan ($3.88 million)
plus HK$50.42 million, a deal to be satisfied partly in cash and
partly by issue of new shares. For statement please click
here
* China Resources Gas (1193.HK) said it plans to set up a 49
percent owned joint venture with a Chinese partner to construct
and operate a piped gas facility in Jiangning district in China’s
Nanjing City, with total investment amounting to 951 million
yuan. For statement click
here
———————-MARKET SNAPSHOT @ 0023 GMT ————
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1194.37 0.67% 7.930
USD/JPY JPY= 93.08 -0.13% -0.120
10-YR US TSY YLD US10YT=RR 3.9196 — 0.037
SPOT GOLD XAU= 1166.2 0.62% 7.200
US CRUDE CLc1 85.55 0.74% 0.630
DOW JONES .DJI 10997.35 0.64% 70.28
ASIA ADRS .BKAS 136.29 0.62% 0.84
————————————————————-
MARKET SUMMARY
* Wall St climbs with energy sector, Dow touches 11,000[.N]
* Euro zone readies giant rescue package for Greece [USD/]
* Bonds rise on Greece jitters, long-dated bets [US/]
* Gold hits 4-mth high on euro jump, investment deman[GOL/]
* Oil gains towards $86 on weaker dollar [O/R]
(Reporting by Kelvin Soh; Editing by Jonathan Hopfner)
MOSCOW, March 1 (Reuters) – Underwriters of the initial public offering of the world’s top aluminium producer, Russia’s RUSAL (0486.HK) (RUAL.PA) have not exercised a greenshoe option, RUSAL said on Monday.
“The over-allotment option has not been exercised by the joint global coordinators on behalf of the underwriters during the stabilisation period and it lapsed on Feb, 26, 2010,” a RUSAL statement said.
RUSAL sold 1.61 billion new shares at 10.80 Hong Kong dollars ($1.39) ($1.39) at its IPO. The shares were traded a at HK$7.85 on 1012 GMT, down 27.3 percent from the initial offering price. (Reporting by Aleksandras Budrys)
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