Evgeniy Zaitsev was appointed director of Moscow subsidiary of Ulgemetbank JSC after the corresponding decision was made by the bank’s GD on May 11, 2006, the company’s spokesperson said to UrBC representative. Prior to this appointment, Mr Zaitsev (born in 1978) worked as the Director for Legal Issues and then as Deputy Director of the bank’s Moscow subsidiary. Mr Zaitsev graduated from Kemerov State University in 2002. Former Director Alexander Ovchinnikov was appointed First Deputy CEO by the Board of Directors in March 2006. It was also then that Konstantin Panfilov succeeded Sergey

VSMPO-AVISMA Corporation JSC summed up its financial success in 2005, PR-department of VSMPO-AVISMA reported. The company’s gross receipt in 2005 came to 16.8bn RUR or $593.6m; this exceeds the corresponding figures for 2004 by 59 %. The company’s net profit came to 3.174bn RUR or $112.15m, which exceeds the figures for 2004 by 98 %. The sales proceeds for 2005 are expected to come to the level of $746.4m, which exceeds the figures for the previous year, namely, $522.7m, by 43%. The net profit of the group is expected to be 4.5 times greater than the net profit of 2004 ($50.2m) and to reach

By March 31, 2006, the past-due bill payable of Chelyabinsk Electrometallurgical Integrated Complex JSC amounted to 52,365,000 RUR, while the general bill payable of the company came to 7,016,635,000 RUR, the company’s press release says. Within the first quarter of 2006, the company produced 67,868 tons of ferrosilicon, 82,046 tons of ferrochromium, 3,354 tons of silicomanganese and 2,336 tons of silicocalcium. The sales proceeds amounted to 3,477,913,000 RUR. The company’s net profit within the first quarter of 2006 came to 41,643,000 RUR.

Yekaterinburg Electricity Supply Network Company JSC started reconstruction of Moskovskaya substation, the company’s PR-department reported. The reconstruction includes installation of two new transformers whose power is 40,000 kVA each. Now the company’s specialists are building the facilities for the new equipment. The substation reconstruction is to be completed by the end of the third quarter of 2006. The total project costs are to come to 130m RUR.

Metallurgical Industrial Complex of Nizhny Tagil JSC (part of Evraz Group) has recently put into operation the new overhead converter to be used in the oxygen-converter shop. The converter is meant for fringing metal slabs and needed for full examination of the produce of No 4 continuous casting unit. According to the company’s spokesperson, the converter was designed in the oxygen-converter shop and in the plant engineer administration, even though the contract concerning the construction of the continuous casting unit did not include the converter as the obligatory component of the system.

Ural aluminum plant (subsidiary of SUAL JSC) has already processed 5 million tons of bauxites from Timanskiy deposit by May 24, 2006. The company processed its first million tons between October 1998 and June 2001, the 3 million tons record was set in June 2004. Given the particular properties of Timanskiy bauxite, the plant’s employees from the production department and from experimental and argil shops had to adapt their techniques as well as introduce new schemes and equipment to deal with these peculiarities. ‘The 5-million-ton figure is an impressive hallmark for both argil specialists

OboronPromComplex, the South Ural production and assembling defense complex, is going to hold the annual shareholder meeting on June 22, 2006. The points on the agenda include discussion of the company’s financial successes in 2005, P & L distribution, and declaration of dividends. The shareholders will also have to elect the company’s General Director, the Board of Directors, the inspection committee, and the company’s Auditor for 2006.

According to the spokesperson for Chelyabinsk department of home affairs, the chief engineer of CHTZ-Uraltrac Ltd. press-and-welding plant Vladimir Makarov was shot today. The victim was found in the hallway of his home with two gunshot wounds and taken to resuscitation department No. 8 where he passed away. The police investigating the case say they are currently pursuing several lines of inquiry, one of which is hired killing.

Sverdlovsk Region Minister of Foreign and External Economic Relations Viktor Koksharov met Russia and NIS Development Director of Veolia of France. The meeting concerned environmental cooperation opportunities in terms of municipal water supply, collecting and recycling of waste, power engineering, and transportation, reports the spokesperson for the Ministry.

Klyuchevsk Ferroalloys Works JSC released its financial and production reports for 2005. According to their data, the company produced 26,332 tons of goods, which is 3.1% less than a year earlier. This decrease was caused by the works receiving no public contracts on supplying chrome to the Russian fund RosReserve. In 2005, the company produced 5,861 tons of metal aluminothermal chrome, 3,270 tons of ferrochrome, 3,172 tons of ferrotitanium. The company produced 944.117m RUR worth of goods altogether, and its sales profits came to 912.124m RUR; the gross profit reached the point of over 180m

Ambassador Extraordinary and Plenipotentiary of the French Republic to Russia Jean Cadet arrived in Yekaterinburg today. M. Cadet’s stay, scheduled for 2 days, is connected with the Days of France in Yekaterinburg project According to Sverdlovsk Ministry of Foreign Affairs, the Ambassador is going to visit the local Opera House tonight, and will meet Mayor Arkadiy Chernetskiy tomorrow morning; the afternoon is reserved for Governor of Sverdlovsk Region Eduard Rossel. The journalists will be able to attend a briefing at 5 pm tomorrow. M. Cadet is also going to take part in a colloquium devoted

Kamensk-Uralskiy Metallurgical Plant JSC (part of SUAL Group) held the annual shareholder meeting that resulted in electing the Board of Directors (including the three vice-presidents of SUAL Holding Anatoliy Zharov, Dmitriy Ustinov, and Vladimir Chertovikov, the plant’s Financial Director Elena Golovanaya, Deputy CEO and Development and Investments Director Sergey Mozharovskiy, GD of Ural Foil JSC Sergey Borovik, and former GD of Kamensk-Uralskiy Metallurgical Plant JSC Alexei Shkolnikov who resigned on May 6, 2006) and Chairman Vladimir Chertovikov. The shareholders also decided to pass a

Proxyship of Ship-Building Bank Ltd. has recently been set up in Yekaterinburg and can now be visited at 3 Chernyshevskiy St. The office caters for the first-time clients and is aimed at attracting both legal entities and natural persons, offering its services, keeping the clients informed about the bank’s policy, provisos and costs of these services, and giving advice on transferring payments using the Sbank.ru money order system. The Bank currently has subsidiaries in Saint Petersburg, Moscow Region (Barvikha), and a crediting agency in Nizhniy Novgorod.

Board of Directors of Metallurgical Industrial Complex of Nizhny Tagil (NTMK JSC) came up with the decision to hold a special stockholders meeting via absentee voting. Board of Directors set June 29, 2006 as the deadline for submitting the absentee ballots for the extraordinary meeting. The agenda of the meeting contains discussion of the declaration of dividends for the first quarter of 2006.

Yekaterinburg fat-and-oil industrial complex held a stockholders meeting on May 24, 2006. The stockholders approved of the company’s annual report and of accounting statements for 2005, including P & L account. AKG RBS CJSC of Moscow was appointed the company’s auditor. The stockholders also decided to declare the dividend of 169.83 RUR per share. They elected the company’s Board of Directors consisting of seven people and the inspection commission consisting of three people.

The stockholders meeting of Klyuchevsk Ferroalloy Works JSC of Dvurechensk, Sverdlovsk Region, was held on May 24, 2006. The stockholders approved of the company’s annual report for 2005 and elected a new Board of Directors. The rearrangement of the company’s governing body is due to the appointment of Mr S. Gilvarg President of Russian Special-Property Alloys Management Company JSC. On May 24, 2006, the stockholders of Klyuchevsk Ferroalloy Works decided to delegate the authority of the sole executive body of their company to Russian Special-Property Alloys. The proprietors of Klyuchevskaya

Within the first quarter of 2006, Ufaleynickel JSC produced 3,500 tons of nickel and 605 tons of cobalt. The company’s income from its principal economic activity went up by 210.3% against the first quarter of 2005. This is the result of the increase in the company’s nickel production and the decrease in its prime cost due to reduction of coke price, the company’s press release says. Within the first quarter of 2006, the company’s proceeds from sales of goods, works and services that belong to the company’s primary economic activity increased by 765,938,000 RUR compared to the figures for the

Oktyabrskiy Court of Yekaterinburg is finally through with the trial of former GD of Transglobal Airline CJSC who was charged with fraud connected with taking excessive advantage of his position in the company. According to the data of Russian Ministry of Foreign Affairs Court of Inquiry, the accused offered Omsk Airport JSC to set up the ground handling of the aircraft allegedly used by the carrier in October 2004. Yet he never mentioned that Transglobal actually possessed no aircraft at all and had no license entitling the company to service the passengers. Omsk Airport executives signed

Joint-Stock Bank Gold Platinum Bank JSC officially ceased to exist as a legal entity. It closed down after a merger with Mechel-Bank JSC of Chelyabinsk. In accordance with Russian legal regulations, this fact was registered in the State Register of Legal Entities. This was reported by PR-department of Mechel-Bank. Thus, Mechel-Bank has become the assignee of Gold Platinum Bank in all its liabilities to creditors and debtors. Due to the merger, the bank’s authorized capital has come to 306.3m RUR whereas its owned capital has come to 715.796m RUR. Mechel-Bank also inherited an additional

Vysokogorsky ore mining and processing enterprise, member of Evraz Group, has put into use the iron ore resources of the Centralniy open pit located in the town of Kushva. According to the company’s PR-department, putting a new production unit into operation is an important step. Within the last few months, the company increased its production output significantly against the scheduled annual output figures. To avoid using imported ore in the furnace charge, the company decided to use ore of the Centralniy open pit of Kushva town. ‘Magnetite has been dug in Kushva since 1735. The Centralniy