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Executives of Basic Element group companies, including Russian Machines, Glavstroy, GAZ Group and UC RUSAL, were ranked seven times in the “Industrial elite of Russia - the top 100 manufacturing managers in 2012" report.

Oleg Deripaska, CEO of Basic Element and UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX-RTS: RUALR) and President of En+ Group, and Zhang Guoqing, President of China North Industries Corporation, signed a framework agreement on strategic cooperation providing for the joint implementation of projects in the engineering, mining and metal sectors.

Basic Element, one of Russia's largest diversified business groups, announced that through its subsidies, it is studying the prospect of building a grain terminal at the Taman seaport with an annual capacity of 5 million tonnes.

Basic Element, one of Russia’s leading diversified business groups, is delighted to announce the appointment of Pavel Ovchinnikov as CEO of the Russian Transport Machinery Building Corporation. Prior to his appointment, Mr. Ovchinnikov served as Commercial Director at UC RUSAL.

Oleg Deripaska's Basic Element plans to invest around 400 million rubles in agriculture development in 2012, compared to 100 million rubles in 2011, Andrei Oleinik, the head of BasEl 's agriculture division said.

RIA OREANDA

Oleg Deripaska, one of Russia's leading business figures, has warned Europe that its "wealthy time" is over and that Russia's newly-agreed membership of the World Trade Organisation opens up fresh possibilities for British businesses.

The Russian billionaire Oleg Deripaska, below, paid an unpublicised visit to London last week, not to fight a court battle, or buy a Premier League football club, but to listen to music.

Chinese automaker FAW Group and Russian billionaire Oleg Deripaska's Gaz Group - one of Russia's largest car manufacturers - plan to start operation of a Russian joint venture from 2012, according to Bo Andersson, CEO of GAZ Group.

China Daily - Hong Kong Edition