Basic Element News

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.

Today, when addressing a meeting of the RUIE bureau, Oleg Deripaska, CEO of Basic Element, called for the environmental regulation system to be reformed. He said environmental reforms could save approximately RUR 400 billion, which could then be invested in modernising and developing new technologies for industrial companies, while simultaneously increasing tax revenue by RUR 60 billion and saving the budget RUR 20 billion.