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RIA OREANDA
Economic News
July 12, 2005 Tuesday
RUSAL Sums Up Activity in First Half of 2005
Moscow. OREANDA. RUSAL, a top three global aluminium producer, has
today announced production and financial results for the first half
of 2005. According to the RUSAL press service, for this period RUSAL
raised a $200 million unsecured loan to partially refinance its
purchase of a 20% stake in Queensland Alumina Limited, Australia. The
loan has been extended by Paris-based Natexis Banques Populaires at a
low interest rate.
RUSAL also secured a 46.6 million export loan from German-based
Bayerische Landesbank (BayernLB) to fund a large-scale modernization
programme at RUSAL ARMENAL foil mill in Armenia.
RUSAL commissioned Lahmeyer International to conduct a banking
feasibility study for the first phase of the Rogunskaya hydroelectric
station construction project in Tajikistan. The company has opened
two representative offices in Arkhangelsk region - one in the
region's capital Arkhangelsk and the second in the city of Plesetsk -
to manage the development of the three deposits of the North Onega
bauxite group. New casting pit started installed at Sayanogorsk
Aluminium Smelter as part of the plant's foundry modernization
program has reached its full capacity of 90 000 tonnes of billets per
year.
Economic News
July 12, 2005 Tuesday
RUSAL Sums Up Activity in First Half of 2005
Moscow. OREANDA. RUSAL, a top three global aluminium producer, has
today announced production and financial results for the first half
of 2005. According to the RUSAL press service, for this period RUSAL
raised a $200 million unsecured loan to partially refinance its
purchase of a 20% stake in Queensland Alumina Limited, Australia. The
loan has been extended by Paris-based Natexis Banques Populaires at a
low interest rate.
RUSAL also secured a 46.6 million export loan from German-based
Bayerische Landesbank (BayernLB) to fund a large-scale modernization
programme at RUSAL ARMENAL foil mill in Armenia.
RUSAL commissioned Lahmeyer International to conduct a banking
feasibility study for the first phase of the Rogunskaya hydroelectric
station construction project in Tajikistan. The company has opened
two representative offices in Arkhangelsk region - one in the
region's capital Arkhangelsk and the second in the city of Plesetsk -
to manage the development of the three deposits of the North Onega
bauxite group. New casting pit started installed at Sayanogorsk
Aluminium Smelter as part of the plant's foundry modernization
program has reached its full capacity of 90 000 tonnes of billets per
year.