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29.09.2008 UC RUSAL's position on Norilsk Nickel's decision
The decision of Norilsk Nickel about directing the cash of its subsidiaries to buy back Norilsk Nickel’s shares is a serious violation of corporate governance principles and minority shareholders rights. Using the imperfections of the Russian legislation and its uncontrolled power over Norilsk Nickel Vladimir Potanin as the Chairman of the Board of Directors and Vladimir Strzhalkovsky, CEO of Norilsk Nickel appointed by Vladimir Potanin, again demonstrated their absolute unwillingness to take into account the interests of other shareholders and eagerness to violate principles of corporate governance to retain full control over the company. This looks even more cynical given the fact that Vladimir Potanin is the Chairman of the National Council for Corporate Governance in Russia. 22.09.2008 UC RUSAL signs Memorandum of Understanding with Libya to develop an energy & metals complex
Moscow, 22 September 2008 – UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with the Libyan State Economic and Social Development Fund (ESDF) to create a joint venture to develop an energy and metals complex in Libya. The agreement sets out a plan to develop an aluminium smelter with a capacity of 600,000 tonnes per year and a 1500 MW natural gas power station.
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29.09.2008 QAL employees raise funds for cancer research 29.09.2008 QAL leads training in the Australian resources sector 26.09.2008 Queensland Alumina continues recommissioning Red Mud Dam 1
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