Magnitogorsk Iron & Steel Works (MMK) came up with its environmental performance report for the first half of 2011. According to the enterprise’s PR Department, the company is now recycling considerably more industrial waste when compared with the first half of 2010 thanks to the launch and full use of slag recycling facilities. In the first half of 2010, for example, MMK recycled 4m tons of smelter, blast furnace, and waste slag, whereas in the first half of 2011, the figure came to as much as 5.76m tons (an increase of 44%). As a result, half a million tons of metal material was taken

The share of power-related expenses in the prime cost of aluminum produced at UC RUSAL Bogoslovsky smelter rose by 45% in the first half of 2011; the figure went up by 42% at the company’s Ural smelter as well due to the growing electric power fares: prices went up by 51% and 32%, respectively. The growing power expenses have to do with the energy sector reform that was conducted in the first half of this year. As a result, the expenses of all the power consumers in the Russian Federation have gone up considerably. Our company is doing its best to minimize the negative impact of growing

Alfa-Bank’s Board of Directors terminated the authority of the bank’s Chairman of the Supervisory Board Rushan Khvesyuk and his first deputy Andrei Sokolov before the end of their terms. At the same time, Andrei Sokolov was elected the bank’s Chairman of the Supervisory Board, and Rushan Khvesyuk was elected one of the members of the Board. Vladimir Tatarchuk was elected First Deputy Chairman of the Supervisory Board.

The House of Representatives approved of the changes in Sverdlovsk Region State Property Management Program for 2011. Acting Sverdlovsk Region Minister for Public Property Management Georgy Alekseyev explained the changes were necessary in order to set up an autonomous non-profit organization that will deal with preparing and submitting an application for Yekaterinburg’s hosting the World Universal Exhibition EXPO 2020. The organization is to receive a donation of 10,000 RUR from the region’s budget. To finance the performance of the said autonomous non-profit organization, 300m RUR is

Ural Airlines is about to open scheduled international flights to Dubai from as many as ten Russian cities. This means the company’s flights network will now cover flights from Nizhniy Novgorod, Krasnodar, Novosibirsk, Mineralnye Vody, Chelyabinsk, Kazan, Samara, Ufa, and Krasnoyarsk. In addition, there will be three rather than just two Yekaterinburg-Dubai flights a week. Now Ural Airlines is one of Russia’s first air carriers operating scheduled flights to the United Arab Emirates. The company’s first flight landed in Dubai in 1993, and the two parties’ cooperation has been building up ever

Khanty-Mansiysky Bank increased its shareholding in Novosibirsk Commercial Municipal Bank from 75.13% to 93.76%. At the same time, Novosibirsk-based bank reports, the Director-General of Novosibirsk Commercial Municipal Bank Vladimir Zhenov and NOMOS-Bank reduced their shares in the bank from 6.37% to 1.6% and from 16.83% to 4.22%, respectively.