Syrian opposition’s Moscow Group to take part in Geneva talksWorld February 21, 17:21
Poroshenko urges EU to tighten anti-Russian sanctionsWorld February 21, 17:19
Nuclear icebreakers escort twice more vessels in Arctic year-on-yearBusiness & Economy February 21, 16:23
Russian scientists forecast lower temperatures in Arctic after 2020 onlyBusiness & Economy February 21, 16:23
Russia expects US to support efforts against 'chemical terrorism' — diplomatRussian Politics & Diplomacy February 21, 16:18
Putin signs decree to posthumously award Order of Courage to Vitaly ChurkinRussian Politics & Diplomacy February 21, 15:55
Russian defense minister blames NATO for dodging cooperation with RussiaRussian Politics & Diplomacy February 21, 15:54
Minister: Russian operation in Syria stopped chain of color revolutions in Middle EastRussian Politics & Diplomacy February 21, 15:23
Defense minister warns 'no animals in Western zoos able to boss the bear around'Russian Politics & Diplomacy February 21, 14:57
MOSCOW, July 19. /TASS/. Rusal, one of the world's largest aluminum producers, has signed an agreement to sell 100% in the bauxite and alumina complex Alpart in Jamaica to Chinese state industrial group JISCO, the company said in a press release.
The cost of the transaction amounts to $299 mln.
The deal is undertaken within the program for Rusal’s assets optimization and debt ratio reduction, according to the press release.
The deal has received the required approval by UC RUSAL’s Board of Directors. The deal is also subject to approvals by the Government of Jamaica and by a number of state bodies in China.
Rusal is one of the world's largest aluminum producers. Rusal’s main products are primary aluminum, aluminum alloys, foil and alumina. In 2015, the company accounted for about 7% of the world production of aluminum. Rusal is present in 20 countries on five continents. The company sells its products primarily in Europe, North America, Southeast Asia, Japan, China and Korea.
JISCO (Jiuquan Iron &Steel (group) Co. Ltd) was established in 1958 as a large scale iron and steel base, the first one strategically located in the North-West of China. While iron and steel industry remains the main industry of JISCO, the company develops other business divisions including aluminium, electricity, engineering technical services, and more. As of today, JISCO enters top 10 producers of aluminium in China, and top 500 China manufacturers for many years.