RUSAL and the Ghana Integrated Aluminum Development Corporation (GIADEC) have agreed to mine up to 5 million tons of bauxite per year in Ghana and build an alumina refinery with a capacity of 1.2 million tons per year. This is stated in the message of RUSAL.
The mining project involves the construction and operation of a bauxite mining facility at the Nyinahin deposit in the Ashanti region of southwestern Ghana. The estimated mineral resources of the proposed field site amount to more than 100 million tons of bauxite. The second stage of the project provides for the construction and operation of an alumina plant with a capacity of 1.2 million tons per year using bauxite from the Nyinakhin deposit. The plant will run on natural gas.
The projects will be implemented through two joint ventures – Nyinahini Bauxite and Ghana Alumina Company. RUSAL will receive a majority stake in each of them. In accordance with Ghanaian law, the Ghanaian side will receive a minority stake, including an undisclosed 10% stake. The joint ventures will receive rights to explore, mine and process bauxite in Ghana as part of the development of Ghana's integrated aluminum industry.
The projects involve the broad participation of the Ghanaian side: in addition to a share in the capital of joint ventures, they include the creation of jobs during the construction and operation stages, the involvement of local contractors and suppliers, as well as the development of transport infrastructure in Ghana, which will boost the local economy.
RUSAL is a Russian aluminum company. The authorized capital of MCPAO UC RUSAL consists of 15193014862 ordinary shares with a par value of 0.656517 rubles each.
As of July 22, 2026, the shareholders are: ICPAO EN+ GROUP — 56.88%, MKOOO SUAL PARTNERS — 21.17%, other persons (with shares less than 5%), including shares in free circulation — 21.95%.
RUSAL's loss for 2025 was $455 million, compared with a profit of $803 million a year earlier. Adjusted EBITDA fell by 29.5% to $1.053 billion. The company's total revenue increased by 22.6% to $14.812 billion from $12.082 billion.
RUSAL's net profit under IFRS for the first half of 2026 amounted to $419 million rubles against a loss of $87 million a year earlier. Revenue increased by 10.9% to $8.338 billion from $7.52 billion, adjusted EBITDA increased by 64.4% to $1.23 billion from $748 million. The company's foreign exchange loss amounted to $267 million, an increase of 47.5%.
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