Rusal

Mr. Putin 'needs there to be a multiplicity of oligarchs for him to keep power, ' said one person close to Rusal.

The case, in which Mr Deripaska disputes Mr Cherney's claims to a Rusal stake, is due to be heard in London soon.

"The investors realise that Rusal is an attractive play on rebounding commodity prices, " said one person close to the company.

For all the uproar, Guinea's first iron ore mine is still at least four years away and Rusal continues to churn out bauxite.

Mr. Deripaska bought out his partners in Rusal, which had ample cash flow thanks to rising metals prices and low taxes.

He took back the CEO role at Rusal, which he'd given up years earlier, and rushed to cut costs.

While some U. S. investment banks were leery about the Rusal IPO, it had no trouble finding underwriters.

Though the deal would give the government only a 3% stake, people close to it say it will be a huge boost to the public offering.

At the end of July, the banks agreed in principle to a deal that would give Rusal four extra years to repay its giant loans.

He added tougher listing regulations on the LSE would be another reason why Rusal could take its business east.

Rusal is one of its highest-profile catches yet.

Saif Gadhafi also developed a relationship with Russian billionaire Oleg Deripaska, head of the aluminium giant UC Rusal.

The brokerage points to aluminum companies like Australia's Alumina, Russia's Rusal, and India's Hindalco Industries.

Rusal, the Russian mining company, said its refinery was also unaffected.

RUSAL's key objective is to achieve the best production costs in the industry.

Norilsk, the leading nickel and palladium miner, said late on Tuesday that RUSAL rejected its above-market offer.

He was involved in Rusal's efforts to find investors for its public listing in 2009, according to a person close to the discussions.

The patience paid off, as Mr. Putin approved a plan to invest about $700 million in Rusal's IPO through VEB, the state bank.

Rusal declines to comment on the allegations of environmental damage.

An employee pours molten aluminum at United Company Rusal's Bogoslovsky aluminum smelter, Russia.

Will Rusal's prospectus be delivered in a brown paper bag?

UC Rusal, the country's biggest bauxite operator, has shut most of its Jamaican mines because of low world prices.

By the end of Q1, more than 80% of RUSAL's metal production has been contracted.

Rusal shares are trading nearly 30 per cent below their offer price.

In the middle of last year, with global markets recovering, Rusal revived an IPO plan it had shelved in 2007.

Mr. Volynets also touched on Rusal's efforts to pare down its $12. 9 billion debt load.

The current market capitalization values RUSAL's 25 percent stake in Norilsk at about $10. 65 billion, according to Reuters calculations.

RUSAL had gearing of 61. 6 percent at end-June, according to its prospectus, while BHP's gearing was 12. 1 percent.

Analysts pored over the details of Rusal's recently published prospectus for its initial public offering in Hong Kong.

Aluminum maker Rusal, whose listing was the first by a Russian company in Hong Kong, has since dropped 9 percent.

It emerged that Rusal's initial public offering in Hong Kong would be delayed until next year.

Rusal shares closed down 0. 3% at HK$8. 69 Thursday.

Rusal, an aluminum producer, in January became the first Russian company to list in Hong Kong.

The mixed feelings about Rusal's listing, now postponed until the second quarter of next year, show the dilemma Hong Kong faces.

The path to Rusal's Hong Kong listing was far from smooth.

Last month, Hong Kong's stock exchange claimed a coup by luring Russian aluminum giant UC Rusal.

Rusal is hoping to raise up to $2. 6bn in an initial public offering on the Hong Kong stock exchange.

Mr. Landheer notes that although Rusal shares also trade in Paris, Hong Kong accounts for 91% of the volume.

Rusal is hoping to become the first Russian company to list in Hong Kong but there are concerns about its debt of $14. 9bn.

Rusal's application was initially held up by the Hong Kong stock exchange's listing committee, which vets all IPOs.

Rusal's stock has faltered since it was floated on Jan. 27 at 10. 8 Hong Kong dollars per share.

The IPO comes three months after Rusal, the aluminium maker, became the first Russian company to list on the Hong Kong stock exchange.

It is believed that Rusal, which is domiciled in Jersey, was instrumental in getting the jurisdiction accepted by the Hong Kong exchange.

UC RUSAL told to re-negotiate purchase of Guinea alumina refinery