Rusal

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OAO Russian Aluminium

Type	Private
Founded	30 March 2000
Headquarters	Moscow
Key people	Alexander Bulygin, Chief Executive Officer
Industry	Mining Metallurgy
Products	Aluminium Aluminium alloys Bauxite Alumina
Revenue	~ US$6.5 bn 2005
Employees	50,000
Slogan	The Industry of Growth
Website	http://www.rusal.com/

Rusal (Russian: РУСАЛ (Русский алюминий)) is Russia's largest aluminium company. Rusal accounts for up to 10% of the world aluminium market and 70% of the domestic Russian aluminium market.[1] It is one of the 3 biggest aluminium and bauxite producing companies in the world.[2]

1 History
2 Operations
- 2.1 Russia
- 2.2 Overseas
3 See also
4 External links

[edit] History

Russia's bauxite reserves are located primarily in the Northern Ural Mountain area. The Sevuralboksitruda bauxite mine there currently accounts for over 70% of Russia's bauxite assets.[3] During the 1900s, a large aluminium industry grew up in Russia based on these strategic reserves. In the 1990s, when the era of privatization began in Russia, Roman Abramovich, the Russian billionaire and current owner of English football club Chelsea F.C., began acquiring mining and processing facilities, including the metals assets of billionaire Oleg Deripaska, and merged them to form Rusal in 2000. The modern, unified company is now the largest privately-held aluminium company in the world. [4]

However, in 2003, Roman Abramovich sold his 25% stake in RusAl for about $1.8 billion back to Oleg Deripaska, who already owned 50 percent. [5][6]

The 25 percent stake Boris Berezovsky and Badri Patarkatsishvili held in RusAl was sold between 2003 and 2004. [7]

On 9 October 2006, Rusal, SUAL Group and Swiss commodities trader Glencore announced their merger. SUAL is a large aluminium company that had previously been Rusal's primary competitor in Russia.[8]