RUSSIA'S NON-FERROUS METALS INDUSTRY IN 2008-2009.4
Russia's Non-Ferrous Metals Industry: Structure..4
Non-Ferrous Metals Reserves...5
Non-Ferrous Metals Output..6
Non-Ferrous Metals Exports...10
FINANCIAL POSITIONS OF RUSSIA'S NON-FERROUS SECTOR..14
Key Financials Non-Ferrous Sector14
Debt Burden of Non-Ferrous Sector...14
RUSSIA'S NON-FERROUS METALS INDUSTRY IN 2008-2009: KEY INDUSTRIES...19
Aluminum Industry.19
Major Trends...19
Bauxite..20
Alumina.21
Aluminum...23
United Company Russian Aluminum in 2008-2009...25
Structure25
Operations summary...26
Financials of Key Companies.32
RUSAL Krasnoyarsk..32
RUSAL Bratsk33
RUSAL Novokuznetsk34
Copper Industry...35
Major Trends...35
Ural Mining and Metallurgical Company in 2008-2009.39
Structure39
Operations summary...41
Financials of Key Company (Uralelectromed)44
Russian Copper Company in 2008-200945
Structure45
Operations summary...45
Key Financials.47
Nickel Industry48
Major Trends...48
Norilsk Nickel Mining and Metallurgical Company in 2008-2009.51
Structure51
Operations Summary...52
Key Financials to IFRS...59
Key Financials to RAS60
Minor Nickel Producers in 2008-200961
Yuzhuralnickel61
Operations Summary...61
Key Financials.61
Ufaleinickel...62
Operations Summary...62
Key Financials.63
Zinc and Lead Industry...64
Major Trends...64
Chelyabinsk Zinc Plant in 2008-2009.67
Operations Summary...67
Key Financials.68
Electrozinc in 2008-200970
Operations Summary...70
Key Financials.70
Titanium and Magnesium Industry.72
Major Trends...72
VSMPO-Avisma in 2008-2009...75
Structure75
Operations Summary...76
Key Financials.76
LIST OF TABLES
Table 1 List of largest resource properties for which auctions (tenders) are to be held in 2009.5
Table 2 Ranking of Key Ores and Concentrates of Russia's Non-Ferrous Metals Industry by Growth Rate in Output in 20088
Table 3 Ranking of Key Metals and Rolled Stock of Russia's Non-Ferrous Metals Industry by Growth Rate in Output in 2008...9
Table 4 Ranking of Key Ores and Concentrates of Russia's Non-Ferrous Metals Industry by Growth Rate in Output in January-February 20099
Table 5 Ranking of Key Metals and Rolled Stock of Russia's Non-Ferrous Metals Industry by Growth Rate in Output in January-February 2009..10
Table 6 Russia's Non-Ferrous Industry Financial Performance in January-September 2008...14
Table 7 Russia's Steel Producers Debt Burden and Liquidity in 2007-January-September 200815
Table 8 Net Debt and Net Working Capital of Russia's Non-Ferrous Producers in 2007-January-September 200816
Table 9 Debt Burden Ratios of Russia's Non-Ferrous Producers in 2007-January-September 2008...17
Table 10 Liquidity of Russia's Ferrous Producers in 2007-January-September 2008..18
Table 11 Russia's Output of Bauxite, Alumina, and Aluminum in 2003-2008, '000 tonnes..19
Table 12 Russian Bauxite Production by Companies in 2002-2007, 000 tonnes..20
Table 13 Breakdown of Russia's Bauxite Imports by Countries in 2007-2008.21
Table 14 Breakdown of Russia's Alumina Imports by Countries in 2007-200822
Table 15 Breakdown of Russia's Aluminum Exports by Countries in 2007-2008.24
Table 16 UC RUSAL Production Volumes in Jan.-Sept. 2008, million tonnes26
Table 17 UC RUSAL Production Volumes in 2006-2007, million tonnes26
Table 18 Top World Copper Producers and Consumers in 2008, ‘000 tonnes.35
Table 19 Breakdown of Russia's Copper Exports by Countries in 2007-2008..36
Table 20 UMMC's Production Volumes, '000 tonnes...41
Table 21 Breakdown of Russia's Nickel Exports by Countries in 2007-2008...50
Table 22 Norilsk Nickel Production Volumes in 2006-2008, '000 tonnes.52
Table 23 Breakdown of Russia's Zinc Exports by Countries in 2007-2008...65
Table 24 Chelyabinsk Zinc Plant's Production Volumes in 2006-2008, '000 tonnes67
Table 25 Breakdown of Russia's Titanium and Alloys Exports by Countries in 2007-2008.74
Table 26 Breakdown of Russia's Magnesium and Alloys Exports by Countries in 2007-2008.74
Table 27 VSMPO-Avisma Production Volumes, '000 tonnes...76
LIST OF GRAPHS
Graph 1 Growth of Russia's Non-Ferrous Metals Industry in 1990 - 2008, year-to-year increase..7
Graph 2 Growth of Russia's Non-Ferrous Metals Industry in 1998-2008, 1998=100.8
Graph 3 Russia's Exports of Aluminum, Nickel and Copper in 2002-2008 by Value, $ '000..11
Graph 4 Russia's Exports of Aluminum, Nickel and Copper in 2002-2008 by Volume, '000 tonnes..11
Graph 5 Growth of Exports of Russia's Aluminum, Nickel and Copper in 2007-2008 by Volume, Y-to-Y increase.12
Graph 6 Growth of Net Debt and Net Working Capital in Russia's Non-Ferrous Industry in January-September 2008*..15
Graph 7 Russia's Production of Bauxite, Alumina, and Aluminum in 1996-2008, 1996=100.19
Graph 8 Top 10 Bauxite-Mining Countries in 2007..20
Graph 9 Russia's Imports of Bauxite in 2004- 2008, thousand tonnes..21
Graph 10 Breakdown of Russia's Alumina Production by Producers..22
Graph 11 Russia in World Aluminum Production in 2006-2007..23
Graph 12 Russia's Exports of Aluminum 2002-2008 by Volume, '000 tonnes24
Graph 13 Russia's Refined Copper Production in 1998-2008, 000' tonnes...35
Graph 14 Russia's Exports of Refined Copper in 2002-2008, '000 tonnes...36
Graph 15 Breakdown of Russia's Copper Production by Companies in 2005-2008.37
Graph 16 Top World Nickel Producers in 2007, 000' tonnes...48
Graph 17 Russia's Nickel Output in 2000-2008, '000 tonnes49
Graph 18 Russia's Nickel Exports in 2002-2008, '000 tonnes..49
Graph 19 Breakdown of Russian Nickel Production by Companies in 2006-2008..50
Graph 20 Russia's Lead and Zinc Output in 2000-2008, '000 tonnes...64
Graph 21 Russia's Zinc Exports in 2002-2008, '000 tonnes..65
Graph 22 Breakdown of Russia's Zinc Production by Companies in 2003-2008.66
