UC RUSAL announced that it has entered into an agreement to acquire 50% of OOO Yaroslavsk GRK from Russian Mining Company. Following completion of the deal, Yaroslavsk GRK will be 100% wholly owned by RUSAL.

The acquisition is in line with RUSAL's strategy to develop the Company's own resource base as it looks to be self sufficient in raw materials. The deal remains subject to the Federal Antimonopoly Service's approval and is expected to complete afterwards.

Mr Vladislav Soloviev first deputy CEO of UC RUSAL said that "The acquisition of the remaining 50% stock in OOO Yaroslavsk GRK is the logical next step for RUSAL towards strengthening the Company's raw materials security. Amid growing commodity prices, raw material self sufficiency is a key element of RUSAL's economic and production sustainability. This asset will cover 60% of RUSAL's current obligations in fluorspar concentrate and its future development provides the potential for full coverage of the Company's requirements.”