Vysokogorskiy Ore Mining and Processing Enterprise JSC (part of Evraz Group) has recently completed putting up the additional pulling unit in the fang of its Yuzhnaya mine. According to the company’s spokesperson, this is an emergency device that will provide for a prompt escape of miners onto the surface in case anything goes wrong. The fang is located quite far from the main one, with its cage capable of transferring ten to fifteen people at a time. The fang has been under construction since the beginning of the year 2006: the builders have already installed the alarm system and dealt with

Electromachine JSC is going to hold the annual general meeting on September 6, 2006. The points on the agenda include the possible early resignation of the company’s General Director, electing their sole executive body, and early resignation of the Board Members and electing the new Board. Current GD Oleg Bochkarev was appointed General Director of Electromachine Scientific and Production Association Defense Holding (the holding includes Electromachine JSC, Rotor Engineering Department, Turbine Engineering Department, and Aggregate Plant of Chelyabinsk.

Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group) decided to pay the tuition fees of a number of school leavers coming from schools supported by the Complex and willing to get their degree in Moscow Steel and Alloys Institute. Seven students from the municipal polytechnic gymnasium and three students from comprehensive schools of Tagilstroevskiy District of Nizhniy Tagil have already matriculated. This tradition has existed since 2003 when the Complex signed a long-term agreement with the Institute agreeing to sponsor the students who would then be employed by the

The Federal Property Fund of Tomsk Region announced that it would conduct an auction aimed at selling the assets of Plastic and Composite Works CJSC of Tomsk. All of the company’s assets (located in Zlatoust) is to be sold in a single lot and comprises 620 items of equipment and machines. The opening bid is set at 150 million RUR; the auction will take place on August 22, 2006.

According to the Central Bank of Russia, the doubtful consumer debt to CreditUralBank has gone up by 38% throughout January to May 2006 and reached the point of 3,014,000 RUR by June 1, 2006. At the beginning of the year (January 1), the debt only came to 2,179,000 RUR. The bank’s loan portfolio was worth 1,357,300,000 RUR on June 1, 2006.

Magnesite Industrial Complex JSC (part of Magnesite Group) produced 5% more of refractory goods (191,300 tons) and 13.6% more commercial powders (390,200 tons) throughout January to June 2006 than a year earlier. ‘This year, the Complex has constantly been exceeding the monthly plan for shipments of goods and powders; We’ve already shipped 13.7% more consumer goods than in January to June 2005; the extraction of raw magnesite went up by 5,1% (up to 1.5 million tons), the amount of overburden by 9.5% (up to 4.3 million cubic meters),’ reported the Production Director Yuri Kochergin. ‘The