Top aluminum producer RusAl said Monday that it expects more companies to cut aluminum output this year, with China accounting for about a third of global cuts, but still forecast that global output would top demand. HONG KONG — Top aluminum producer...

... tons last year and plans to dig 25 million tons in 2020 by expanding current mines and through acquisitions, managing director Andrei Churin said. While about 90 percent of the company's coal is now used to generate power for Deripaska's United Company RusAl, En+ plans to sell half of its output to other customers in Russia and Asia by 2020, Churin said. En+ is interested in bringing all its coal assets under one company and may then study an initial public offering, he said. The main asset is Vostsibugol...

... stakes in Russian oil and metal companies for far below their real value 10 years ago. The trial ends this week after hundreds of hours of court time, millions of pounds in legal fees and witnesses ranging from kitchen staff to billionaires such as RusAl founder Oleg Deripaska. Among the allegations made against Berezovsky was a claim by Deripaska that he arrived at a meeting in a London hotel in 2000 wearing a robe and looking disheveled. That led Rabinowitz to ask Deripaska: "Have you ever...

Norilsk Nickel has no funds to extend a further buyback offer to shareholder United Company RusAl at present, chief executive officer Vladimir Strzhalkovsky said Thursday. (Bloomberg) Russian bank lending to nonfinancial companies grew 26 percent last year, retail lending climbed 36 percent, while bank assets expanded 23 percent, Central Bank...

... pennies rather than dollars. They will be there to gain a place on the IPO,” said Barry Ehrlich, a metals and mining analyst at Alfa Bank. A state-backed loan followed by an IPO would mirror the route taken by Oleg Deripaska’s aluminum giant RusAl, which refinanced a $4.5 billion loan in late 2009 before raising $2.5 billion in a Hong Kong and Paris IPO a few months later. The RusAl IPO has been a disaster for investors, however, with the shares trading at little over half their listing price...

... responsibility of a special department of the Russian Federal Tax Service, which currently has about 50 staff members and is most likely to focus on the major players. Nevertheless, such Russian business giants as Gazprom, Russian Railways, Norilsk Nickel, RusAl, TNK-BP, LUKoil, NLMK, Rosneft and IDGC Holding are expected to form a consolidated group of taxpayers (CGT). The prices of transactions concluded between the companies within a CGT will not be subject to control as expressly stated in the law....