TNK-BP applied to Russia’s Federal Antimonopoly Service and the Government Foreign Investment Control Committee, asking for a permission to buy a stake in Itera Oil & Gas Company, a source in the know of the situation told RBC. TNK-BP’s press service reports the company is currently negotiating for a number of options in the field of its natural gas division development. Among the options considered are some joint projects with Itera, and the petitions to this extent have indeed been placed with the Federal Antimonopoly Service and the Government Foreign Investment Control Committee. The

UTair Airlines made 80.83m RUR worth of net profit (calculated in accordance with the Russian Accounting Standards) in the first half of 2011, the company’s report states. This is 30% lower than before. The revenues came to 20.75bn RUR, which was 18% better than earlier.

Ural Plant EMA reports its net profit slumped by 39.28% in the second quarter of 2011. The company explains this has to do with the growing basic assets repair expenses and the need to build up a bad debts reserve fund.

Kyshtym Copper Electrolysis Plant (a part of Russian Copper Company, based in Kyshtym, Chelyabinsk Region) spent about 8.5m RUR on environmental safety projects in the first half of 2011. For one, two filter presses were replaced with new ones in the industrial waste water purification department, new filter sleeves were installed in the gas-cleaning facility, and new pulse chamber was fitted in the Maerz copper smelting furnace’s gas cooler unit. New filter sleeves were also installed in the copper electrolysis shop. The company expects to direct about 40m RUR to environmental projects in

The trade union of EVRAZ VGOK (Vysokogorsky Ore Mining & Processing Enterprise) intends to struggle for better working conditions and more labor safety for the daughter enterprises’ workers as well as for their greater social security. Besides, it was decided to try and convince the owners of the business that outsourcing passenger bus transfer services and the carriage-repairing depot is inefficient. These decisions were made at the 26th trade union conference, Russia’s Mining & Metallurgical Trade Union reports. All in all, the quality of interaction between the trade union and the