As of Sunday 27 January 2019, all sanctions on RUSAL by the U.S. government have been lifted.
We are pleased to report that the U.S. Senate did not block the U.S. Treasury Department’s plan to lift sanctions on companies owned by Russian oligarch Oleg Deripaska.
Under the terms of the removal from OFAC’s List of Specially Designated Nationals and Blocked Persons (“SDN List”), En+, RUSAL, and ESE have reduced Oleg Deripaska’s direct and indirect shareholding stake in these companies and severed his control.
OFAC will continue to enforce its sanctions on Deripaska, including by closely monitoring these companies’ compliance with the terms of their removal from OFAC’s List of Specially Designated Nationals and Blocked Persons (“SDN List”). OFAC reserves the right to relist RUSAL should it fail to comply with the agreement.
16 January 2019
OFAC EXTENDS TEH EXPIRATION DATE OF CERTAIN GENERAL LICENSES RELATED TO RUSAL
Yesterday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL), by issuing the following three general licenses:
• General License No. 13J – Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in Certain Blocked Persons; (please note that for transactions involving GAZ group the general license is extended until 7 March)
• General License No. 14E – Authorizing Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with United Company RUSAL PLC; and
• General License No. 16E– Authorizing Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with EN+ Group PLC or JSC EuroSibEnergo
The General Licenses 13J, 14E, and 16E amend certain previous general licenses, by extending the expiration date from 21 January 2019 to 28 January 2019 for transactions related to RUSAL and its subsidiaries.
20 December 2018
OFAC NOTIFIES THE US CONGRESS OF ITS INTENT TO TERMINATE THE SANCTIONS IMPOSED ON RUSAL
Yesterday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) notified the US Congress of its intention to terminate the sanctions imposed on Rusal, En+ Group plc and JSC EuroSibEnergo in 30 days (19 January 2019).
Deripaska remains sanctioned, but OFAC has determined that the significant restructuring and corporate governance changes will enable the above companies to meet the criteria for delisting.
The deadline for winding down activities with Rusal was set at 21 January 2019, so we welcome this timely action. While the Congress could still block the proposal, OFAC’s notification indicates the direction that the US government wants to follow.
Chris McDonald, CEO of the Materials Processing Institute, has been named Chair of the UK Metals Council (UKMC). He will formally take over the position in March 2019, after being voted in as Chair at the latest UKMC Board Meeting, in November.
The UK Metals Council works across Whitehall to inform and influence Ministers, Government, Departments and their agencies about the value and needs of the UK metals sector. The Council is made up of senior figures from the metals industry representing the full spectrum of the supply chain, from primary manufacturing to recycling.
It hopes that by 2030 a modern and progressive UK metals industry will be delivering high-quality, innovative and competitively priced products as principal supplier to the UK’s main manufacturers and infrastructure projects, as well as a leading global exporter.
The Institute supports organisations that work in advanced materials, low carbon energy and the circular economy, which includes the upscaling and commercialisation of innovation.
Chris McDonald said: “The UKMC is a respected industry body that has ambitious plans for the future of the sector, and I am delighted to have been elected by my peers to this position. There is plenty of work that can be done to give the metals sector a voice within government, which should be viewed as a priority to Westminster.
“Organisations involved in and that have an interest within the sector need as much support as possible. These are the businesses driving forward innovation and productivity gains, while also supporting skilled jobs that this country requires. I am excited by the challenges ahead and I hope to draw upon my experiences and industry knowledge to serve the UKMC and the wider sector well.”
Simon MacVicker, outgoing Chair, UK Metals Council, said: “Chris has led our innovation work during the formative years of Metals Council, during which time we have gained greatly from his understanding of innovation and how it can be applied in industry, the productivity challenge, and his special understanding of how small businesses work. I am very excited that Chris has agreed to be elected as the next Chair of Metals Council, we will be in excellent hands.
Pam Murrell CEO of the Cast Metals Federation and Chair of the Metals Forum, added: “Metals are fundamental to the other industry sectors and are integral to the Advanced Manufacturing Supply Chain at a time of significant change to many of these sectors. Metals also have an important part to play in the circular economy and the clean growth strategy, along with other materials. As Trade Associations working together through the UK Metals Forum, we are keen to continue to support the work of the Metals Council, and provide a conduit to the many SMEs that make up the sector. Chris’ knowledge of the sector combined with his understanding of the particular challenges facing smaller businesses will be a huge asset to us.”
To download a full copy of the official press release please go to MPI
ALFED are a member of the UK Metals Council
10 December 2018
Friday evening, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL).
The General Licenses 13H, 14D, 15C and 16D amend certain previous general licenses, by extending the expiration date from 7 January 2019 to 21 January 2019, for transactions related to RUSAL and its subsidiaries.
12 October 2018
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL).
The General Licenses 13E, 14B, and 16B amend certain previous general licenses, by extending the expiration date from 12 November 2018 to 12 December 2018.
We will keep you informed about any further developments.
For 15 years, the Aluminium Federation HSE Support Group has been a forum for helping members promote safety in an industry that can be hazardous. During our meetings, we encourage members to feedback on initiatives that they have either implemented or are in the process of implementation.
One initiative that particularly impressed the group was Hydro Extrusion UK’s HSE apprentice scheme, which was introduced in 2017. It created the scheme to develop new HSE professionals within the business, to help ensure there’s a stable flow of HSE personnel and to help foster a culture of continuous improvement.
The scheme is delivered with local colleges and training providers, and apprentices work towards nationally and internationally recognised qualifications. They develop a keen understanding of business management and both theoretical and practical HSE knowledge, developing skills applicable to Hydro Extrusion UK and the wider industry. Other benefits include excellent career progression opportunities within the Hydro family and developing professional networks inside and outside the business. Hydro Extrusion now has 4 HSE apprentices across its 6 UK sites, each mentored by the Site HSE Manager and the Regional HSE Coordinator.
In April 2018, we received the sad news that Neil Birt, our former HSE Group Chair (and long-serving HSE Manager of Bridgnorth Aluminium), had passed away. As a committee, we decided that it would be a fitting memorial to create an Annual HSE Achievement Award in his name.
The idea is not only to celebrate achievement within the industry, but to maintain the values and ideals Neil spent so long promoting. His vision was that by working together we could help each other and to encourage shared learning. We are grateful for everything Neil gave members, and in recognition of Hydro Extrusion UK’s achievements, we’re delighted to announce them as the first recipient of the Neil Birt HSE Achievement Award.
Congratulations to Hydro Extrusion UK
Centre – The award was collected by Kieran Veal ( Hydro HSE Technician, and one of the original Apprentices on the Scheme) and Ian Bould (Hydro HSE Manager) with
Left – Giles Ashmead, ALFED President, and Right – Helen Williams, Chair of the ALFED HSE Committee
Yesterday night, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL).
The General Licenses 13D, 14A, and 16A are amended to extend the expiration date from 23 October to 12 November 2018, for transactions related to RUSAL and its subsidiaries.
The 2018 Aluminium Federation Members’ Briefing and Annual Dinner showcased developments within the industry – and the important role ALFED plays as the industry’s voice.
On 20th September, representatives from more than 100 ALFED members descended on the historic Tortworth Court in Gloucestershire to share 12 months’ worth of insight and discuss upcoming challenges.
The agenda included presentations from ALFED’s president, 4 sector subgroups, ALFED training and the Health, Safety and Environmental Support Group, as well as the UK Metals Council, Bloodhound SSC and The Outward Bound Trust.
Key takeaways were:
- There’s a positive outlook for extrusion, with the year-on-year growth experienced since 2015 continuing its upward trend. There’s particular growth in products for the industrial and automotive markets
- Members in the finishing group are reporting healthy order books, sales and supply volumes. Current issues relate to hexavalent chromate authorisation, the redrafting of BS EN12206, titanium oxide, cobalt and the surface treatment and powder coating of secondary aluminium
- Innovation initiatives have included the ALFED forging project to establish a framework for migrating from ferrous to aluminium components, with a focus to date on the automotive industry. Over the past year, the innovation group has also looked at Horizon 2020 funding opportunities, joining techniques, developments in second-generation fibre metal laminates, strained hardened heat-treatable alloys, cryogenic stress relieving and additive manufacturing
- The recycling group updated members on new technologies – like high-efficient burners, spectroscopy and alloy detection systems – as well as developments in closed-loop recycling, packaging recycling and secondary material usage.
Bloodhound SSC discussed the new schools challenge in partnership with ALFED – and brought a full-size model of the car that will be making a world record attempt. We also learned about the new HSE apprenticeship scheme at Hydro Extrusion UK, a landmark 4-year programme that’s helping cement the importance of health and safety in future working practices.
Giles Ashmead, ALFED President, said:
“Over the past year, we welcomed over 20 new members to the Federation: companies who want to take advantage of our services. We also offered further networking opportunities for our existing members.
“Our training offer continues to develop, with the launch of not only our revamped schools challenge in association with Bloodhound, but also our new management training courses, which are already selling out.
“We are accelerating our innovation work by forming knowledge partnerships with a number of educational establishments, and have resurrected our lecture programme. We continue to listen to our members and develop training and technical support initiatives that meet their requirements.
“ALFED are definitely focused on building the aluminium industry of the future. At this time of uncertainty – with not only Brexit as a threat to the industry’s stability but also the actions of the US Government – we have found an unprecedented level of access to our Government. We thank the civil servants of Department for Business, Energy & Industrial Strategy, as well as other Government departments for giving us their time, taking up our issues and doing what they can to alleviate the threats we face.”
To learn more about the Members’ Briefing and the specific presentations, contact Margaret Lane at firstname.lastname@example.org or 44 (0)121 601 6363.