Rusal increased aluminium production by 3%

UC Rusal announced its results for the nine months ended 30 September 2010. Net profit of USD1,420 million for the nine months ended 30 September 2010 compared to net loss of USD826 million for the nine months ended 30 September 2009.

Revenue increased by 36.6% to USD8,029 million for the nine months ended 30 September 2010 as compared to USD5,876 million for the nine months ended 30 September 2009 due to higher aluminium prices. Gain from operating activities of USD1,467 million in the nine months ended 30 September 2010, as compared to a loss from operating activities of USD161 million in the nine months ended 30 September 2009, representing operating margins of 18.3% and negative 2.7%, respectively.

Total aluminium output amounted to 3,034 thousand tonnes for the nine months ended 30 September 2010, an increase of 3% as compared to the nine months ended 30 September 2009.

Alumina output totaled 5,758 thousand tonnes for the nine months ended 30 September 2010, an increase of 7% as compared to the nine months ended 30 September 2009.

Bauxite production totaled 8.7 million tonnes for the nine months ended 30 September 2010 and decreased by 1% as compared to the nine months ended 30 September 2009.

Aluminium foil and packaging production volume increased by 22% to 60.2 thousand tonnes for the nine months ended 30 September 2010 compared to 49.3 thousand tonnes for the nine months ended 30 September 2009.

Investments in development of existing facilities and construction of new assets amounted to USD623 million.

Adjusted EBITDA increased to USD1,889 million for the nine months ended 30 September 2010 compared to USD328 million for the same period in 2009.

The refinancing of VEB debt with a new USD4.58 billion credit facility from Sberbank – the final step in the restructuring of the loan portfolio. The new loan, which has an interest rate of LIBOR +5%, matures on 7 December 2013 and may be renewed for a further one and a half years.

Metal Supply & Sales Magazine welcomes you to participate in Aluminium: Alloys, Profiles and Rolled Products, 3d International conference which will be held on May 24, 2011 in Moscow