MOU signed by CEO of En+ Group and Basic Element Oleg Deripaska and president of NORINCO Zhao Gang outlines the cooperation in mining and metallurgical projects and vehicle production. This MOU extended the cooperation between Oleg Deripaska companies and Norinco which was initiated by RUSAL in November 2009 by signing the agreement to supply of 1.68 mln tones of aluminium.

Basic Element's (BasEl) agriculture division, which was created following the transfer of Russo-Asiatic Investment Company (RAINKO - which managed Russian businessman Oleg Deripaska's assets) into Deripaska's holding, which plans to post 270 million rubles in profit compared to 143 million rubles in 2009, BasEl's managing director, Andrei Oleinik, told Interfax.

Interfax

UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world's largest aluminium producer, announces that the Supervisory Board of Vnesheconombank has approved a financing package amounting to RUR 50 billion (about USD 1.7 billion) for RUSAL and RusHydro to complete the construction of the Boguchanskoye Energy and Metals Complex. 

The current Aluminium and Alumina divisions have each been split into Aluminium and Alumina East and West divisions respectively in line with the geographic location of production facilities and their core products and key markets. In addition, two new directorates have been established: the Commercial Directorate and the Production Development Directorate. All these divisions and directorates report to the first deputy CEO of UC RUSAL, Vladislav Soloviev.

UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the restart of operations at its Ewarton Works in Jamaica.  The refinery is part of Windalco, which was mothballed in 2009 due to the global economic downturn. The total capacity of the Ewarton refinery is about 650,000 tonnes of alumina per year.  RUSAL plans to produce about 321,000 tonnes of alumina from the refinery by the end of this year.