The economic effect of OK RUSAL implemented measures to reduce the cost of the first half of 2009 amounted to more than 620 million dollars. The goal is that the overall cost reduction as a result of 2009 will be about 1.1 billion dollars.

The average cost of aluminum production in July was reduced by 27% compared with December 2008. The cost of electricity has been reduced by more than 20%. Costs for raw materials has been reduced by 41% thanks to renegotiate agreements on basic commodities. The cost of transporting finished products were reduced by 33% as a result of the optimization of logistics schemes, the choice of new routes, bringing the transport operators on a competitive basis and to agree on new terms of transportation.

In the first half of bauxite decreased by 35.5% over the same period of 2008 and amounted to 5.8 million tons. The goal is that the outcome of 2009, a decrease of production of bauxite will be 5.6 million tons.

The production of alumina is reduced by 34% compared to the same period last year and amounted to 3.7 million tons. By the end of the year, the volume of alumina production will be reduced to 3.9 million tons.

The production of aluminum in the first half was reduced by 10% compared with that of last year and amounted to 1.98 million tons. Reducing the volume of production of aluminum, on the basis of 2009 will be 0.5 million tons. This decrease in production of aluminum as compared to the first half of last year, the company's Siberian enterprises was 4.5%, and the Urals - 33,0%. Decreased production in overseas plants - Zalki (Ukraine), ALSCON (Nigeria), Kubal (Sweden) to the appropriate levels of the first half of last year amounted to about 39%.

The company completed the optimization of production of alumina from the conservation of Alpart and Windalco (Jamaica), Eurallumina (Italy) and to reduce the volume of production at 39.5% at the Aughinish (Ireland).

The talks with banks on the long-term restructuring is successful. completed the harmonization of the conditions. RUSAL intends to sign an agreement during the term of the agreement on standstill, - said the company.
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