United Company RUSAL

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OAO Russian Aluminium

Type	Private
Founded	27 March 2007
Headquarters	Moscow
Key people	Alexander Bulygin, Chief Executive Officer
Industry	Mining Metallurgy
Products	Aluminium Aluminium alloys Bauxite Alumina
Revenue	~ US$14.3 bn 2007
Employees	100,000
Website	http://www.rusal.com/

United Company Rusal (Russian: Российский алюминий)) is the world's largest aluminium company. United Company RUSAL accounts for almost 12.5% of entire global output of primary aluminium and 16% of the world’s alumina production. The United Company is a result of the merger of RUSAL (Russian: Русский алюминий)), SUAL, and the alumina assets of Glencore, finished in March 2007. The company operates in 17 countries on 5 continents and employs 100,000 people across its international operations and offices.[1]

1 History
2 Operations
3 See also
4 References
5 External links

[edit] History

Russia's bauxite reserves are located primarily in the Northern Ural Mountain area. The bauxite mines operated by Sevuralboksitruda in that region currently account for over 70% of Russia's bauxite assets.[2] During the 1960-80s, a large aluminium industry grew up in Russia based on cheapest energy of Siberian hydro power plants. Two world's largest aluminium smelters are located in Russia, each with capacity of 1 mln tpa. Despite stable local production of bauxites and alumina, for to meet the needs of industry large amount of feedstock is imported annually.

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. [3]

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. [4][5]

The 25 percent stake Boris Berezovsky and Badri Patarkatsishvili held in RusAl was sold between 2003 and 2004. [6]

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. The merger agreement was completed on 27 March 2007. [7] [8]

As of Jun 21, 2007, a controlling interest in United Company RUSAL is owned by En+ Group, an energy and aluminium business owned by Basic Element, which is Oleg Deripaska's investment firm^[1].