Rusal says may evacuate Guinea staff if crisis worsens; HK-listed shares fall

China Hongqiao

07/09/2021 03:15

** Hong Kong-listed shares of Russian aluminium giant OK
Rusal MKPAO  0486.HK  fall 5.9% to HK$6.56, their biggest
intraday percentage decline since June 29 
    ** Stock, which jumped 14.5% on Monday, on course to snap
seven straight sessions of gains; the biggest percentage
decliner in the Hong Kong's Material Index  .HSCIM  
    ** The world's third-largest aluminium producer  RUAL.MM 
said on Monday it aimed to keep its three major bauxite mines
and one alumina refinery in Guinea operating after the military
coup there, but could evacuate all Russian personnel if the
crisis worsened  urn:newsml:reuters.com:*:nL1N2Q80L9
    ** Rusal holds a huge presence in Guinea's key bauxite
industry with its mines accounting for 42% of Rusal's total
bauxite capacity
    ** Prices for aluminium ore bauxite from Guinea hit their
highest in almost 18 months in top metals consumer China on
Monday as buyers fretted about supply after a coup in the West
African country, though no mines reported any disruption
 urn:newsml:reuters.com:*:nL1N2Q80G5
    ** Hong Kong shares of rival Chalco  2600.HK  rises 3% to
HK$6.14 and its Shanghai-listed stock  601600.SS  gains 2.8% 
    ** A Chalco spokesperson said the company's bauxite project
in Guinea is "operating normally"  urn:newsml:reuters.com:*:nB9N2MC00G 
    ** Hong Kong-listed China Hongqiao Group  1378.HK  rises
5.1% to HK$11.12, its biggest percentage gainer in .HSCIM index 
    ** The .HSCIM index rises 0.8%
    ** The Hang Seng China Enterprises Index  .HSCE  gains 0.2%,
and the benchmark index  .HSI  climbs 0.4%
    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))