MOSCOW. April 17 - United Company RUSAL (UC RUSAL) increased aluminum production in the first quarter 2.5% year-on-year to 999,415 tonnes. Alumina production was flat and totaled 2.74 million tonnes in the first quarter, the company said in a press release. Bauxite production decreased by 8.6% and reached 4.128 million tonnes, which is due to temporary mining shortages in Guinea and at the Middle Timan bauxite deposit in the Komi Republic, the release says. Value-added casthouse products manufacturing increased by 12.5% and amounted to 48% of primary aluminum production; Foil production rose by 21.2%.
Production figures:
Products (tonnes) UC Rusal (Q1 2007) RUSAL, SUAL, and %
Glencore assets
incorporated within UC
RUSAL Q1 2006
Bauxite 4 127 607 4 515 851 - 8.6
Alumina 2 740 168 2 734 527 0.21
Primary aluminum 999 415 974 378 2.5
(including value-added
casthouse products)
Value-added casthouse 482 341 428 721 12.5
products
Foil 15 577 12 847 21.2
*** Figures reflect the combined production results of United Company RUSAL through the completion of the merger of RUSAL, SUAL (RTS: SUAL) and Glencore's alumina assets.
"The first quarter of 2007 marks United Company RUSAL's arrival as the new global leader in aluminum and alumina production," said Alexander Bulygin, CEO of United Company RUSAL.
"As our production results attest, we have created a strong foundation for further growth with priorities of increased aluminum and alloys production, expanded raw material base, finessed technology, and strengthened energy business," he said.
"Collaboration with Rosatom to create an energy and metals complex based on nuclear power, as well as an active search for other partners to develop key energy projects in Russia and worldwide, reinforce our competitive advantages and help to diversify our business," he said.
Russian Aluminium
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