RusAl to confirm Taishet anode plant construction schedule by the end of 2014

UC RusAl plans to confirm the schedule of Taishet anode plant 'sconstruction by the end of the year and choose investors for the project, the chief executive E.Nikitin said during a telephone conference.

He has also noted that the construction of the Taishet aluminium plant will be resumed; however it directly depends on the world economy and aluminium market. So, RusAl refuses neither of these projects.

It was stated earlier RusAl terminated the construction of Taishet aluminium and anode plants because of low prices on aluminium. The company was about to proceed the construction of the first stage of anode plant in H2, 2013 after the signing of a financing agreement with VEB. RusAl has invested approximately $750 million since the start of the project in 2006.