RUSAL’s possible investment into the first stage of project may reach 25 million Canadian dollars over a number of years.

Commenting on signing of the Memorandum, Vladislav Soloviev, UC RUSAL First Deputy CEO, said: “The alternative technology is important for alumina production in Russia and its development will allow the strengthening of RUSAL’s vertical integration. Our technical team visited the Orbite pilot plant in Cap-Chat and we have high regards with respect to the potential of this new technology, which we, as one of the world’s largest alumina producers, have all opportunities to realize.”

“This is an exciting moment for our team to partner with RUSAL, the world’s largest producer of aluminium, which also operates 12 alumina refineries around the world. The partnership opens a unique opportunity for a large-scale implementation of our know-how and technologies,” commented Mr Richard Boudreault, the President of Orbite Aluminae.

Orbite Aluminae owns 100% of the mining rights on the site of aluminous clay deposit of Grande-Valée and a full scale pilot plant in Cap Chat in the Gaspe Region, Canada. The company also owns the intellectual property rights to a unique Canada- and U.S.-patented process for extracting alumina from various types of aluminous ores and for which patents are also pending in other countries.