English version - Media Center - Basic Element News

Oleg Deripaska companies and Norinco announce the signing of MoU on strategic cooperation

Thu, 22 Jul 2010 00:00:00 GMT

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.

BasEl’s agro-business to double net profit in 2010

Mon, 19 Jul 2010 00:00:00 GMT

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

Oleg Deripaska is appointed representative of Russia in APEC Business Advisory Council for 2010-2012

Mon, 05 Jul 2010 00:00:00 GMT

Russian President Dmitry Medvedev has appointed the Russian Federation's representatives on the Business Advisory Council of the Asia-Pacific Economic Cooperation forum for the period 2010-2012.

Speech by Oleg Deripaska, Chief Executive Officer of Basic Element, at the Japanese-Russian meeting in Tokyo in preparation for the World Political Forum “The State’s Role in Modernizing Industrial Technologies”

Thu, 01 Jul 2010 00:00:00 GMT

Basic Element is an industrial group operating in a wide range of sectors, and is interested in the modernization process for objective reasons and is an integral part of that process. We use all the new solutions that are available in Russia and the world today, and are dedicated to incorporating the new ideas, that are under discussion now, in own future developments.

Basel Aero Group opens new airport

Mon, 07 Jun 2010 00:00:00 GMT

The opening ceremony was held for Gelendzhik Airport, part of Basic Element subsidiary Basel Aero, on June 5, 2010.

Basic Element - Russia’s biggest investor in the field of higher education

Mon, 24 May 2010 00:00:00 GMT

The Basic Element Group has come first in the Russian Rectors' Union (RRU) Business and Higher Education Partnership 2009 Ranking in the category "Biggest Investor in the Field of Higher Education" among private companies. The Awards Ceremony was held on Monday, May 24^th, at the Intellectual Center - Fundamental Library of the Moscow State Lomonosov University.

Basic Element announces launch of operations at Sochi Port Cargo District

Tue, 06 Apr 2010 00:00:00 GMT

The first stage of the Sochi Port Cargo District went into service on April 6, 2010. Basic Element is the investor for the construction of the Cargo District, which is being commissioned as per a schedule approved by the Olimpstroy State Corporation.

Basic Element to manage RAINCO assets

Wed, 10 Mar 2010 00:00:00 GMT

Basic Element continues to optimize its structure and enhance the efficiency with which it runs its industrial and financial assets by taking over the management of assets of Russian-Asian Investment Company (RAINCO) (LLC).

Time to Embrace the Nuclear Option

Wed, 03 Feb 2010 00:00:00 GMT

Wall Street Journal published op-ed piece written by Oleg Deripaska on Nuclear Energy

Interview by Andrei Elinson, Deputy CEO to Bloomberg

Mon, 01 Feb 2010 00:00:00 GMT

Russian billionaire Oleg Deripaska may list "several" businesses this year after the initial public offering last month of aluminum producer United Co. Rusal Ltd., the deputy chief executive officer of his investment company said.

Interview by Andrei Yashchenko, Corporate Finance Director to 'Vremya Novostei' on the outcome of Basic Element's loan restructuring

Fri, 25 Dec 2009 00:00:00 GMT

The last year has been a fateful one for many Russian companies - some of which have been on the brink of bankruptcy. The year was certainly anything but simple for the 'Basic Element' group of companies, whose debt totals approximately $20 billion. However, in December it was reported that all the group's companies had succeeded in coming to agreement with their creditors on debt restructuring.

Vremya Novostei

Comment by Andrey Yashenko, Corporate Finance Director of Basic Element in connection with the agreement reached between SMR Group and lenders on long-term refinancing of SMR's debt

Fri, 11 Dec 2009 00:00:00 GMT

Negotiations on SMR Group debt refinancing entered the final stage.

Statement of the spokesman of Mr. Deripaska in connection with reports in the Spanish media

Thu, 10 Dec 2009 00:00:00 GMT

Spanish media have today reported claims that Oleg Deripaska is being asked by Spanish law enforcement authorities to give evidence in relation to a money-laundering case. The case involves a number of Russian and Spanish companies.

We would like to point out that Mr Deripaska has never been approached by the Spanish law enforcement authorities.

Basic Element improves financial results

Mon, 07 Dec 2009 00:00:00 GMT

Members of Oleg Deripaska's Basic Element (BasEl) holding had combined earnings before taxes, depreciation and amortization (EBITDA) of approximately $1.5 billion in the first ten months of 2009, the group's CFO, Alexander Lukin, told Interfax, quoting interim management accounts.

Interfax

Financial Crisis Should Become a Catalyst

Fri, 04 Dec 2009 00:00:00 GMT

Leading Danish newspaper Jyllands-Posten published op-ed piece written by Oleg Deripaska in advance of the UN Climate Change Conference in Copenhagen.

DERIPASKA SAYS RUSAL’S DEBT DEAL IS ALMOST COMPLETE

Mon, 16 Nov 2009 00:00:00 GMT

Interview of Oleg Deripaska to the Bloomberg News Agency.

Andrey Elinson, director of corporate governance of Basic Element, gave an interview to Reuters Television

Fri, 30 Oct 2009 00:00:00 GMT

Andrey Elinson, Basic Element's director of corporate governance, told Reuters Television today that the majority of businesses in the Basic Element group have posted profits since July 2009 and that the group expects to complete the restructuring process by the end of the year.

It is a time to intensify co-operation between Russia and countries of Northeast Asia

Tue, 20 Oct 2009 00:00:00 GMT

Korean newspaper JoongAng Daily News published an article by Oleg Deripaska.

Statement of the spokesman of Mr. Deripaska in connection with reports in the Spanish press

Sun, 18 Oct 2009 00:00:00 GMT

According to reports in the Spanish press today, the Spanish law authorities are seeking the testimony of Oleg Deripaska in a money laundering case against a number of Russian and Spanish companies. In light of these stories we wish to make clear that Mr Deripaska has not received any communication from the Spanish authorities concerning this matter. Mr. Deripaska has no such links with these companies, a fact which has already been confirmed by judgments issued in other proceedings.

Basic Element repaid $360 million to Alfa Bank in 2009

Sun, 27 Sep 2009 00:00:00 GMT

Basic Element's corporate finance director Andrey Yashchenko today set out the current status of debts to Alfa Bank and the progress of restructuring talks, saying Basic Element were concerned about the bank's "true intentions" after it filed two bankruptcy suits against UC Rusal at the end of last week.