Glencore, Ukraine Metals and Mining

UC Rusal to dispute nationalization of plant in the Ukraine in international courts

UC Rusal intends to appeal the nationalization of the Zaporozhie aluminum plant in international courts, the company’s spokesman reported.
"The company is a bona fide purchaser. We will appeal this decision in international courts," - he said.
Earlier on Thursday, the General Prosecutor’s Office of the Ukraine reported that the Ukraine's Supreme Court decided to nationalize the controlling stake in Zaporozhie aluminum plant, owned by Russian UC Rusal.

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The largest Russian aluminum company to continue working in the Ukraine

The largest Russian aluminum company UC Rusal has no plans to close its alumina refinery in Ukrainian Nikolayev, though it thinks that the asset is one of the most inefficient, president of UC Rusal Oleg Deripaska reported.
"We have a plant of about the same capacity in Ireland and we buy gas for it at the price of $200 (per thousand cubic meters), in Nikolaev - for $340. This makes its products the most expensive in the system (of UC Rusal),"- said Deripaska.

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UC Rusal can cease aluminum sales in the Ukraine via ZAlK-AKZ and can introduce direct supplies from Russia for the Ukrainian consumers

UC Rusal can cease the sales of aluminum made in Russia and aluminum rolled wire via its subsidiaries Zaporozhye Production Aluminum Combine (ZAlK) and Aluminum Rolled Wire of Zaporozhye (AKZ), and can start supplies of the products under the direct contracts between the Russian structures and the Ukrainian consumers. The final decision is not admitted as yet. After closure of crude aluminum supplies to ZAlK and aluminum rolled wire production in July, they sold these products from Russia, mostly via AKZ founded recently. The monthly sales are 1,500 tons of aluminum.

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