They accounted for 46 of its sales in 2009

Oleg Deripaska can be satisfied. RUSAL, the group that he heads and which he controls 47.6 of the capital, came out of case. The fall of 2008, the company was threatened with bankruptcy, overwhelmed by debt of $ 13.2 billion and a net loss of nearly $ 6 billion. Yesterday, she has published annual accounts who are back in the Green, with an annual net profit of $ 821 million, or 89 better than the estimates of the firm itself.

Net debt, which was mounted to $ 16.6 billion, was reduced to 13.6 billion at year-end 2009. Introduced on the stock market simultaneously in Paris and Hong Kong end of January, the firm is managed to raise $ 2.2 billion and, shortly before, to restructure its banking debt with its more than 70 creditor financial institutions. For new financial difficulties, it has a marketable asset, its 25 in Norilsk Nickel, that the value has increased by 123 between December 31, 2008 and December 31, 2009. And thanks to nickel prices soaring, with Norilsk is the world leader. Yesterday in London, the ton of metal tutoyait the 26,000 dollars, a summit meeting since May 2008. Fixed by the market to $ 6.7 billion, participation in Norilsk was, at the end of last year, more than 49 of net debt.

Return to the profits of Rusal fostered by the strong relief of the price of aluminium, base metal, which is the world's leading producer.

Vast savings plan

Between its lowest of 2009 and the end of the fiscal year, it jumped by 43, settling in the area of 2,300 dollars per tonne on the London Metal Exchange (LME). RUSAL did however not wait passively aluminum back to restore its profitability. It implemented quickly a vast savings plan that allowed him to fall from 23 to 1.471 dollars, the average cash operating cost per ton of grey metal produced in 2009. This plan resulted in the reduction of 11 to 3.9 million tonnes, of its aluminium, 36 of that of alumina production at 7.3 million tonnes, with 41 of the flow of bauxite to 11.3 million tonnes.

With respect to the prospects of activity, the Russian giant sees in pink. Taking up his expectations of the Independent Research Institute CRU Group, Rusal table on an increase of 12.6 of the global consumption of grey metal in 2010. The firm believes in 26 of the Russian request. What should, in his words, stabilizing the price of the ton of the non-ferrous over 2,000 dollars for the whole of the year.

Focus on alloys

Yesterday, grey metal 3 months is exchanged much above the $ 2,400 per tonne, its above since the end of September 2008. In March, Chinese imports of the non-ferrous grew 48 to more than 95,000 tons.

Based on these considerations, Rusal plans to increase this year respectively of 3 and 11 its supply of aluminium and alumina. The Group wants to focus more on higher value-added products, especially alloys. They accounted for 46 of its sales in 2009. The objective is to increase this percentage to 60.

Yesterday in Paris, the action of Rusal has won more than 2.