152 graduates of Metallurg professional lyceum were offered jobs at Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group). Alongside with their diplomas, 18 graduates received the company’s personal invitations as a sign of special encouragement. For the first time this year, Evraz Group introduced five corporate fellowships (6,000 RUR per semester). The whole project is part of Evraz Holding Ltd. welfare program. ‘Thanks to the united corporate promotion network developed within the company, we are able to train our employees while they’re still at college. We have been

On June 29, 2006, Chkalovskiy District Court of Yekaterinburg returned a verdict on the share-selling agreement made by Chairman of Bank24.ru Sergey Lapshin and Business Club Globus CJSC. Mr Lapshin was going to sell the latter a 19.66% share holding of Stroyplastpolymer JSC, but the court found the agreement void, the spokesperson for Sverdlovsk Region Court said to UrBC representative. This agreement was, in fact, part of a larger transaction that involved trading the assets of Bank24.ru (including the shares of Stroyplastpolymer JSC) for a 20% share holding of Bank24.ru (which Mr Lapshin

Gorno-Shorsky branch of Evrazruda JSC has started overhaul of small skip hoist of its Skip shaft in order to replace two of its skips. The skip hoist is calculated to lift 8.4 tons of weight and is operating at the floor of +185 meters. The overhaul is the second stage of the complex repairs of skip hoists that began in March 2006 with the replacement of skips at the big hoist of Skip shaft. The complex overhaul carried out at Skip shaft is expected to reduce its operating costs, preclude emergency breakdowns, and improve the production standards through reducing the share of common manual

ChelyabEnergoSbyt has recently held the annual general meeting that resulted in approving of the company’s annual report, the accounting report, including the P&L statement, and profit distribution for 2005. The shareholders declared the dividend of .0097495 RUR per ordinary share and .0097495 RUR per preference share. They also elected the inspection committee and the Board of Directors: A. Vlasov, General Director of a mortgage-lending agency A. Kondrashov, Deputy GD of Mechel Energo Ltd. V. Chudo, General Director of Mechel Energo Ltd. T. Ufimtsev, the leading executive of the local

Chelyabinsk Generating Company JSC held the annual general meeting on June 28, 2006. The shareholders approved of the company’s annual report, the accounting report, and agreed on the profit distribution for 2005. They also made amendments to the company’s Charter, elected the inspection committee and the Board of Directors (two state representatives, one representative of a minority shareholder, and eight representatives proffered by RAO UES of Russia). The attendees decided to spend 128.592 million RUR of net profit on dividends (this covers the interim dividend for the first half of 2005),

The extraordinary general meeting of Trubodetal JSC (Chelyabinsk), member of OMK, was held on June 30, 2006. The stockholders approved of a transaction between the company and OMK-Steel Ltd. According to the terms of the transaction, OMK-Steel Ltd. is to conduct transactions, including import ones, of purchasing rolled metal, and other kinds of raw materials and consumables for Trubodetal JSC. The estimated annual worth of the transaction comes to 450m RUR.

Chelyabinsk Region Government decided to privatize its share in the authorized capital of three companies, namely, Chelinformcenter Ltd., Ural-Tonar Ltd., and South Ural Investment Company JSC. According to Evgeny Teftelev, Chelyabinsk Region Minister of Industry and Natural Resources, the share of the regional Government in the authorized capital of Chelinformcenter Ltd. amounts to 52.02%. It was acquired in 1999 through reorganization of Regional Information Center CJSC that resulted in setting up Chelinformcenter for rendering information services to the Government. The investments of the

Argayashskiy radio plant JSC has recently held the annual general meeting that resulted in approving of the company’s annual report and the accounting report. The attendees decided to pass a dividend for 2005 and elected the Board of Directors: Kamil Diyarov, Irina Galeeva, Lyubov Artyukova. Mr Diyarov was elected the company’s GD.