Rusal

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OAO Russian Aluminium

Type	Public
Founded	March 30, 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
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 curent owner of football club Chelsea FC in Britain, 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]

On Monday, Oct. 9, 2006, Rusal, SUAL Group and Swiss commodities trader Glencore announced their merger. SUAL is a large aluminium company that had heretofore been Rusal's primary competitor in Russia.[5]