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By John Helmer, Moscow United Company Rusal, the Russian aluminium monopoly, has announced it has won a judgement of the London Court of International Arbitration (LCIA) confirming its shareholding control of the Aluminium Smelter Company of Nigeria (Alscon), the only aluminium producer in the west African state. The LCIA, Rusal claims, has defeated the Nigerian [...]

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By John Helmer, Moscow United Company Rusal, Russia’s aluminium monopoly, lost a prop for its sale revenues, debt repayments, and share price this week, when the UK Court of Appeal allowed a new aluminium stocking rule by the London Metal Exchange (LME) which Rusal has been opposing since July 2013.

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By John Helmer, Moscow The Nigerian government was ordered by the Federal High Court in Abuja on Tuesday to oust United Company Rusal from the country’s aluminium smelter, and hand it over to a Nigerian-American group which has been suing for a decade.

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By John Helmer, Moscow A combination of American and British commodity traders, aided by George Soros (lead image, left), is planning to oust United Company Rusal, the Russian aluminium monopoly, from its Friguia bauxite and alumina concession in the west African Republic of Guinea. The plan, according to sources in London and Conakry, the Guinean [...]

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By John Helmer, Moscow United Company Rusal, the state aluminium monopoly controlled by Oleg Deripaska (right), has failed in a bid to ward off billion-dollar sanctions from Alpha Conde (centre), the President of Guinea, with an offer to start a cheap, new bauxite mine three years from now. Sources in Conakry, the capital of the [...]

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By John Helmer, Moscow United Company Rusal has admitted that one large international bank is refusing to accept the restructuring terms the company has offered for loans totaling $5.15 billion which fall due for repayment by July 7. Until now, there has been speculation that state-owned Chinese banks had been pressing for repayment in cash, [...]

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By John Helmer, Moscow Victor Boyarkin, the former lieutenant-colonel of Russian military intelligence and special operations chief for United Company Rusal, returned to the company on Monday after an absence of fifteen months. In Conakry, the capital of Guinea, his arrival is anticipated shortly for a fresh attempt by Oleg Deripaska, Rusal’s chief executive, to [...]

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By John Helmer, Moscow Multibillion dollar contracts between GlencoreXstrata and United Company Rusal, signed for trading of aluminium and alumina late in 2011, appear to have unravelled in a London arbitration court. However, because the arbitration has been conducted behind closed doors, Glencore is refusing to confirm or deny that the company is facing liability [...]

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By John Helmer, Moscow The Oradea alumina refinery is a property of Oleg Deripaska’s in Romania. Deripaska (centre image) is the chief executive and controlling shareholder of United Company Rusal, the Russian aluminium monopoly. Deripaska bought Oradea in 2000 over the unanimous objections of the senior management of Rusal in Moscow at the time. The [...]

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By John Helmer, Moscow United Company Rusal, the state aluminium monopoly run by Oleg Deripaska, is selling the Aluminium Smelter Company of Nigeria (Alscon). Only the Rusal announcement to the Hong Kong Stock Exchange (HKEx) doesn’t put a name to the asset. Rusal is also not accepting that the Nigerian courts have already decided the [...]