Recently, Rusal has signed a memorandum of understanding with the government of Guyana to develop the bauxite resources in Guyana. At the same time, Rusal is still negotiating with several companies in Venezuela and Brazil on possible bauxite development.
Rusal has no bauxite reserves in Russia, but the company is considering bidding for the development of a North Orega bauxite license in northern Russia. According to the company's news, the bauxite mine has about 400 million tons of industrial bauxite reserves. However, the ore grade of the bauxite mine is low, and RUSAL is currently conducting research on the project in terms of geology and technical processes to determine whether the project can be invested.
In 2003, Rusal produced 2.589 million tons of primary aluminum, and the company owned the Friguia alumina refinery in Guyana.
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