Within the first four months of 2006, the refractory products output of Magnesite Industrial Complex JSC, member of Magnesite Group, exceeded the corresponding figures for the previous year by 3.8% (up to 128,800 tons). In addition, the company’s production of commercial powders came to 253,400 tons (an increase of 10.7% against the results of the first four months of 2005). Within the reported period, the company increased its shipments of refractory goods to Russian consumers by 0.8% compared to the figures for the same period of 2005 (up to 101,300 tons). Shipments of commercial powders

Russian Special-Property Alloys Management Company negotiated a contract of chrome ore deliveries for Klyuchevsky Ferroalloy Works of Dvurechensk, Sverdlovsk Region, and Russian Chrome 1915 of Pervouralsk, Sverdlovsk Region, with Kazchrome International Company. The contract for 2006 is worth $20m. The new proprietor of the 50% shareholding of Russian Chrome, Chrome Chemical Ltd., recessed from the tolling contract of sodium dichromate supplies with Kermas Company of UK that came into effect in May 2005. Therefore, the new chrome provider has been found, the company’s PR-department says.

Stockholders meeting of Koksokhimmontazh-Chelyabinsk CJSC is to be held on June 9, 2006. The agenda contains discussing the company’s financial achievements for 2005, profit and loss distribution, appointment of the company’s auditor for 2006 and election of the company’s Supervisory Board.

Jan Bartoszic, General Director of Czech Nove Energo, visited the region on May 22, reports the spokesperson for Governor Eduard Rossel. Mr Bartoszic met Mr Rossel to discuss the recycling plant proposal; the plant would provide for the burning of solid domestic waste in full compliance with all the environmental provisos. The sinter produced in the process of burning the waste can then be used in the building industry; the other obviously useful by-products are heat and electricity. One boiler can recycle 15 tons of waste per hour, and the whole plant would thus recycle 420,000 tons of waste

The Federal Court of Yekaterinburg in Leninskiy District decided to resume the trial of Yuri Repeta, GD of Noviy Grad CJSC, a building company, and Siyat Sabitov, GD of HydroSpetsStroy Ltd., today. The claim laid by Ural Alliance CJSC concerning the alleged stealing of 54m RUR by the defendants was used as the official ground for taking legal action. The plaintiff claims the defendants have violated Clause 159 (Part 4) of Russian Criminal Code that deals with fraud. The Clause envisages a prison sentence of 5 to 10 years and a fine of up to 10m RUR.

The Board of Directors of Siberian Airlines JSC decided to hold the annual general meeting on June 26, 2006. The list of attendees was compiled according to the date available by May 15, 2006. The points on the agenda include discussion of the annual report, of the annual accounting report, including the P & L distribution for 2005. The shareholders are expected to agree on the P & L distribution for 2005 as well as decide on the issue of declaring, sizing, and payment format of dividends. They will also elect the Board of Directors, the inspection committee, and the company’s Auditor.

Mechel JSC decreased its metallurgical output in 2005 (compared to 2004): the steel production went down by 5% (down to 5,899,000 tons), the iron production by 14% (down to 3,349,000 tons), the rolled metal production by 2% (down to 4,600,000 tons), coke output by 12% (down to 2,589,000 tons), the company’s spokesperson said to UrBC representative.

The net loss of Patra JSC, local Heineken-owned beer maker, was 56 times bigger in 2005 than in 2004 and came to 188.9m RUR against 3.4m in 2004. The company’s output reached the point of $30m. According to Heineken representatives (the company bought 100% of Patra’s shares in August 2005), the losses had to do with the reorganization period, before the downscale and premium brands were actually launched. Last year, Heineken adopted an investment program worth ?4m to ?5m; the program was supposed to make the brewery profitable within 18 to 24 months. ‘We are expecting much better and growing

The Board of Directors of ChelyabEnergoSbyt JSC scheduled the annual meeting for June 28, 2006. The points on the agenda include approving of the company’s annual report, agreeing on the P& L distribution and the payment of dividends for 2005. The shareholders will also elect the Board of Directors, the inspection committee, and the company’s Auditor and decide on the amendments to the company’s Charter.

Chelyabinskiy Zavod Profilirovannogo Stalnogo Nastila JSC, the shaped steel apron maker, will hold general meeting on June 20, 2006. The points on the agenda include assessment of the company’s financial success in 2005, agreeing on the P& L distribution and the payment of dividends for 2005. The shareholders will also elect the Board of Directors, the inspection committee, and the company’s Auditor.