Metallurgical Industrial Complex of Nizhny Tagil JSC (part of Evraz Group) negotiated a contract with Siemens-Voest-Alpine of Germany. The contract concerns a full-scale reconstruction of the oxygen-converter plant. The reconstruction project is to be realized within 4 years, including the complete replacement of all (four) plant converters, the fume-cleaning plant and the exhaust-heat boilers. The project also provides for installation of an additional bulk material delivery line at the oxygen-converter plant and for the overhaul of the plant building. The contract of the Complex with the

The net profit of Mechel JSC, a metallurgical enterprise, has dropped by 153.95% (or 1,513,701,000 RUR) within the second quarter of the year compared to the previous three months, reports the company’s spokesperson. This dramatic decrease has been caused by the declining price of their shares as of June 30, 2006, which, in its turn, was brought about by the decrease in the dollar rate (against the previous quarter), as this is the currency the shares are quoted in

According to the official data provided by Uralvyazinform JSC, the regional mobile phone operator, their net profit has dropped by 45.4% in the second quarter of 2006 (down to 554.998 million RUR) compared to the first quarter. This is due to the fact that the growth of the company’s regular expenses within this period has exceeded the increase in profits, which led to operating profit decreasing by 109m RUR. Besides, the company has had to pay 1.7 times more in terms of income tax.

The preliminary sitting of Chelyabinsk Region Court of Arbitration concerning the claim laid by Starwood Trading Ltd. against Metallurgical Works of Zlatoust JSC (currently managed by ESTAR) took place yesterday. The plaintiff demanded that the defendant pay 18.5m RUR in compensation for the faulty produce previously supplied by the latter. As the spokesperson for Sovetnik Ltd., the legal representative of the plaintiff, said to UrBC representative, the court sitting was aimed at letting the two parties present their cases. The defendants tried appealing against the claim, yet, in the

TGK-10, the regional power generating company, has produced 8,383,120,000 kilowatt-hours in the first half of 2006, with generating company of Chelyabinsk producing 2,857,787,000 kilowatt-hours and generating company of Tyumen producing 5,525,333,000 kilowatt-hours. The company sold 7,536,649,000 kilowatt-hours worth 4,817,344,000 million RUR, with generating company of Chelyabinsk selling 2,497,848,000 kilowatt-hours at 1,973,769,000 million and generating company of Tyumen selling 5,038, 801,000 kilowatt-hours at 2,843,575,000 million. TGK-10 sold 1,139,954,000 kilowatt-hours, or 13.6% of

Evrazruda JSC (part of Evraz Group) starts construction of a stower in its Tashtagolskiy subsidiary within the framework of a long-term development program of Evraz Group. The facility will have been put into operation by the end of 2007; it will allow the company workers to start mining the large deposits of iron ore located in previously inaccessible areas under the production facilities and the river Kondoma. The new stower will also provide for a full recycling of dry magnetic separation waste; the tailings will now be transferred not to the tailing dump but under the ground as the

In the second quarter of 2006, net profit of Chelyabinsk Generating Company JSC decreased by 81.53% (or 259.479m RUR) against the first quarter of the year, and amounted to 58.783m RUR. According to the company’s press release, the bad profit figures are due to the seasonal decline in the heat energy consumption.

Metallurgical Works of Zlatoust JSC has summed up its success in the first half of 2006. Within the six months of 2006, the company produced 280,184 tons of steel and manufactured 200,402 tons of rolled metal. The company shipped 199,599 tons of production worth 3.2bn RUR. The information was reported by PR-department of Metallurgical Works of Zlatoust.

Within first half of 2006, Zinc Plant of Chelybinsk JSC produced 70,140 tons of zinc and zinc-based alloys, which exceeds the corresponding figures for the previous year (52,733 tons) by 33%. The company’s zinc and alloy sales have come to 5.58bn RUR in the six months of 2006, which exceeds the sales in the first half of 2005 (1.855bn RUR) by 200%. The company has also supplied the home market with 59% of the company’s production output Within 2006, the company is going to produce 150,000 tons of zinc and alloys, the spokesperson for Zinc Plant of Chelybinsk said to UrBC representative.