88 faults were found in the low-voltage mains network of MultiEnergetica Ltd. (part of IES-Holding) over the last weekend. Strong thunderstorms and hurricane winds resulted in power cuts in Severouralsk, Pervouralsk, Revda, and Kamensk Uralskiy. The company’s technicians are still trying to find the imperfection in the high-voltage main in Pervouralsk, reports their spokesperson.

According to the Central Bank of Russia, the volume of short-term loans to nongovernmental commercial organizations given by Reserve, South Ural Bank of Social Development, for a term of 31 to 90 days has gone down by 75.6% (from 6,185,000 RUR to 1,500,000 RUR) throughout January 1, 2006 to June 1, 2006. In addition, the volume of short-term loans to nongovernmental commercial organizations given by the Bank for a term of 91 to 180 days has decreased from 10,480,000 RUR to 2,500,000 RUR, or by 76.1%, throughout January 1, 2006 to June 1, 2006.

Tube Works of Pervouralsk JSC has recently looked at the results of its activity in the first half of 2006. The company shipped 347,000 tons of tubes, with 71,200 tons shipped in June alone. The plant shipped 761,300 tons of tubes in cooperation with Tube Rolling Works of Chelyabinsk (both companies are part of one Group), reports the spokesperson.

The net profit of Mechel JSC has dropped by 17.9% (from $1.04bn to $853.52m) in the first quarter of 2006 against the first quarter of 2005. Their operating income reached the point of $59m, or 6.9% of the net profit (compared to operating income of $226.77m, or 21.8% of the net profit, in 2005). The company declared the consolidated net profit of $62.88m, or $.47 per ADR and $.16 per diluted share (compared to $169.51m, or $1.26 per ADR in the first quarter of 2005). Consolidated EBITDA came to $134.41m against $279.66m a year earlier, the company’s spokesperson said to UrBC representative.

Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group) has recently held the meeting of the regional Union of Metallurgists. The executives from the region’s largest metallurgical enterprises as well as government officials and deputies of the regional legislative body examined the socially important areas of the complex such as Metallurg Forum, a sports and fitness arena, the entertainment club and a few kindergartens, including the one in the countryside, reports the spokesperson for the Complex. The company has been working on a few labor safety projects; thus, the

Ural League Commercial Bank CJSC is going to hold the extraordinary shareholder meeting on August 11, 2006. The corresponding decision was made at the meeting of the Board on July 19, 2006. The points on the agenda include amendments to the company’s Charter and to the Provision of the Board.

Ufaleynickel JSC announced that it was going to give Coke JSC a loan worth 600 million RUR. The term of loan comes to three years, starting on the day of transferring the money from the creditor’s account elsewhere. The deal comprises 36.56% of the company’s assets; it was approved at the annual general meeting of Ufaleynickel shareholders on June 1, 2006.