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UC Rusal, the world's biggest aluminium producer, said Tuesday that it swung back to profit in the first half of 2010 as a recovery in the global economy boosted demand for base metals.

Agence France Presse

China's North Industries Corp. (Norinco) and Oleg Deripaska, the owner of Russian companies the En+ Group and the Basic Element Group, signed Thursday a memorandum for cooperation in mining, metals development, and machine building.

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

The head of Russia's UC RUSAL , the world's biggest aluminium producer, said on Tuesday the company would likely supply aluminium as an underlying asset for an aluminium exchange traded fund he expects to be launched in July.

Reuters News

Non-profit foundation 'Volnoe delo', created by a Russian businessman Oleg Deripaska, will provide primary school classes in all 27 schools of the Kholmogorsky district (the Arkhangelsk region) with individual computer facilities for pupils.

NA "Dvina-Inform"