IRKUTSK, Jan 25 （PRIME-TASS） -- Russian aluminum giant UC RUSAL plans to resume construction of the Taishet aluminum smelter in the Irkutsk Region in June, according to the Web site of the region’s Taishet district government seen by PRIME-TASS Tuesday.
Construction at the Taishet aluminum smelter was suspended in December 2008 after aluminum prices and demand for the metal both fell.
RUSAL plans to launch production at the plant in December 2012.
The design capacity of the Taishet smelter amounts to 750,000 tonnes of aluminum per year, which is to allow RUSAL to increase total production by 18%.
RUSAL’s investments in the Taishet smelter are estimated at U.S. $3 billion.
The company accounts for about 10% of global aluminum output. In 2009, its aluminum production decreased 11% on the year to 3.9 million tonnes.
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