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Chinese, Russian companies ink memo on mining, metals and machine building

Thu, 22 Jul 2010 00:00:00 GMT

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

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

UC RUSAL expects to supply metal to aluminium ETF

Tue, 29 Jun 2010 00:00:00 GMT

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

Oleg Deripaska's Fund Will Equip Schools from Lomonosov's Homeland with Computers

Tue, 22 Jun 2010 00:00:00 GMT

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"

ALUMINUM BOTTOMS WITH GHOSN PREDICTING 11% CAR GROWTH BENEFITING DERIPASKA

Mon, 21 Jun 2010 00:00:00 GMT

Billionaire Oleg Deripaska's forecast for a potential aluminum shortage and record global car output predicted by Carlos Ghosn mean the world's second most- used metal may be about to rebound.

Bloomberg

Rusal Forges On With Investment

Wed, 16 Jun 2010 00:00:00 GMT

Oleg Deripaska must guide Rusal through challenging times.

Wall Street Journal

Irkutskenergo’s investment program for 2010 comes to around 5 bln rubles

Wed, 09 Jun 2010 00:00:00 GMT

OJSC Irkutskenergo's (RTS: IRGZ) board of directors approved the company's investment program for 2010 at 4.98 billion rubles at a meeting held on Tuesday, which is more than a twofold increase from 2009, the company said in a statement.

Interfax

Ingosstrakh becomes partner of Second Russian Robotic Festival

Tue, 27 Apr 2010 00:00:00 GMT

Ingosstrakh is the partner of the Second Russian Robotic Festival which will be held on April 24, 2010 in Moscow. It is one of the largest events in Russia in the field of innovative technologies, robotics and mechatronics among children and young people. The festival will close the annual education cycle of the program "Robotics: Engineering and Technical Staff of Innovative Russia", implemented by the Federal Agency for Youth Affairs of the Russian Federation and Oleg Deripaska's Fund "Volnoe Delo" since 2008.

SKRNWS

Interview with Tamara Rumyantseva, General Director of Oleg Deripaska’s Volnoe Delo Charity

Tue, 27 Apr 2010 00:00:00 GMT

It emerged last week that Oleg Deripaska, the chief and core owner of aluminum company Rusal, would pledge a significant amount of the estimated $62 million that he received as a stock bonus from the company's IPO in Hong Kong, to his Volnoe Delo charity. Tamara Rumyantseva, General Director of Volnoe Delo, told RBC Daily in an interview about Mr. Deripaska's involvement in the charity's work and what charitable projects he is implementing in his native Krasnodar Territory and other regions of Russia.

RBC Daily

RUSAL IN TALKS TO SUPPLY ALUMINUM TO BANKS FOR FUNDS

Thu, 22 Apr 2010 00:00:00 GMT

United Co. Rusal, the world's largest aluminum producer, said it's in talks to supply metal to banks for possible exchange-traded funds that would be backed by the commodity.

"We're interested in supporting new channels of demand for the metal," Oleg Mukhamedshin, Rusal's deputy chief executive officer and head of capital markets, said in an interview today.

Bloomberg

RUSAL "HAPPY" TO MEET CHINA'S APPETITE FOR ALUMINUM-CEO

Wed, 21 Apr 2010 00:00:00 GMT

Oleg Deripaska, chief executive and main shareholder of aluminum giant UC Rusal Ltd. (0486 HK), said Wednesday that he saw China's demand for aluminum as the major driver of the company's growth, and forecast a possible doubling of the company's capitalization in the next couple of years.

Dow Jones

Deripaska to give away much of $62m bonus

Tue, 20 Apr 2010 00:00:00 GMT

Oleg Deripaska, the Russian metals magnate, has pledged to donate to charity two-thirds of the stock bonus he received for helping to secure the $2.2bn initial public offering of his UC Rusal aluminium company in Hong Kong this January.

Financial Times

Basic Element signs cooperation agreement with Mordovia

Fri, 16 Apr 2010 00:00:00 GMT

Oleg Deripaska, CEO of OOO Basic Element (Basel), Russia's leading diversified investment company, and Nikolay Merkushkin, head of the Mordovia Republic, have signed a socio-economic cooperation agreement aimed at joint efforts to strengthen production, technical and research potential of the regional industrial companies and infrastructure.

SKRIN Newswire

UC Rusal CEO Says Aluminum Industry Should Turn To Nuclear Power

Thu, 15 Apr 2010 00:00:00 GMT

Dow Jones International News

Oleg Deripaska, chief executive of Russian aluminum giant United Company Rusal Ltd. (0486.HK), said Thursday carbon pricing poses a major threat to the aluminum industry, which should turn to small-scale nuclear power to fuel future growth.

RKTM shareholders to set up railway operator to service BasEl companies

Tue, 13 Apr 2010 00:00:00 GMT

The owners of OJSC Russian Transport Machine-Building Corporation (RKTM) - OJSC Russian Machines and the owners of Mordovia Railway Car Building Corporation (VKM) - are setting up a railway operator called RKTM-Trans to provide services to the companies in the Basic Element holding, Russian Machines told Interfax.

Interfax

Magna’s Wolf named to head GAZ board

Thu, 08 Apr 2010 00:00:00 GMT

Magna International co-CEO Siegfried Wolf has been named chairman of the board of Russian car maker GAZ (RTS: GAZA).

Wolf joined the GAZ board in 2008.

Interfax

BasEl's SMR boosts ferromolybdenum output 15% in 2009

Wed, 07 Apr 2010 00:00:00 GMT

Interfax

Strikeforce Mining and Resources Ltd (SMR), a member of Oleg Deripaska's Basic Element holding and Russia's largest ferromolybdenum producer, boosted ferromolybdenum output 15.2% in 2009 to a record 6,726 tonnes, the company said in a press release.

Basic Element announces launch of operations at Sochi port cargo district

Wed, 07 Apr 2010 00:00:00 GMT

SKRIN Newswire

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.

BasEl launches 1st stage of cargo facility in Russia’s Sochi

Wed, 07 Apr 2010 00:00:00 GMT

Prime-TASS News

Russian holding Basic Element (BasEl) has launched the first stage of a cargo port facility at the Russian Black Sea resort of Sochi, the company said in press release Tuesday.

Russia’s SMR molybdenum output up 15% on year in 2009

Tue, 06 Apr 2010 00:00:00 GMT

Molybdenum concentrate output of Soyuzmetallresurs (SMR), which is controlled by Russian holding Basic Element (BasEl), increased 15% on the year to 10,458 tonnes in 2009, the company said Tuesday.

PRIME-TASS