A stockholder meeting of Uralburmash JSC (Ural Drilling Engineering Works) was held on May 3, 2006. The stockholders made a decision to approve of the annual report for 2005 of the association and its annual accounting statements including P&L accounts. They decided not to declare annual share dividends, not to reward members of the company’s Board of Directors and the inspection commission for fulfilling their duties and not to refund charges resulted thereof. The stockholders also approved of the revision of the articles of Uralburmash JSC, elected the Board of Directors consisting of

Yuzhural-Transtelecom CJSC summed up its success in the first quarter of 2006. The company’s operating income came to 69.7m RUR, which exceeds the planned income by 19% and the corresponding figures for the previous year by 44.6%. The share of communication service revenue in the overall operating income amounted to 69% or 48m RUR, which exceeds the corresponding figures for the first quarter of 2005 by 57.3% and planned revenue by 22.6%. The total commercial traffic doubled against the first quarter of 2005 and exceeded 26 TBytes in March 2006. Within the mentioned period,

Vanadium ore mining and processing enterprise of Kachkanar JSC announces the incidental increase in profit of over 10%. This is due to better sales and higher prices as well as due to the lowering of prime cost. In the first quarter of 2006, the company has raised its net profit by 52.4% compared to the fourth quarter of 2005: it came to 1,050,580,000 RUR.

Uralvtorprizep JSC is going to hold general meeting on June 23, 2006. The points on the agenda include confirmation of the company’s financial success in 2005, P & L distribution, and declaring the dividends. The shareholders will also have to elect the Board of Directors, the inspection committee, and the company’s Auditor.

Chelyabinsk Region Territorial Agency of Subsoil Resources announced the results of the auction held to grant a license for geological research, exploration, and extraction of nephrites at Akademicheskiy patch near Miass, Chelyabinsk Region. There were two bidders altogether, Ural Geological Innovation Center Ltd. and Granite Invest Ltd. The former outbid the latter by bidding 161,000 RUR against the opening bid of 140,000 RUR as the price of a nonrecurring payment.

The Board of Directors of Uralliga JSC scheduled the annual meeting for May 26, 2006. The shareholders will have to be acquainted with and approve of the annual report, the accounting report for 2005, including the P & L statement, and profit distribution, including declaring the dividends. They will also have to elect the Board members, the company’s management, the inspector and the Auditor for 2006. The Board of Directors is going to suggest that the shareholders decide to pass a dividend imposed on registered shares with a par value of 50 RUR each. The preference share (face value of

Ural Circuit Division of Investigative Department of Federal Drug Turnover Control Service completed the investigation of the criminal case involving Production Development Director of Irbit plant of chemicals and pharmaceuticals, Sverdlovsk Region. The person in question was charged with large-scale production and sale of drugs, reported the spokesperson for Deputy Public Prosecutor of Russian Federation in Ural Federal District. It has already been proved that the accused used his managerial position to set up production of synthetic drugs (amphetamine and amphetamine-based drugs) in the

The meeting of Uralprivatbank JSC stockholders held on April 27, 2006 was attended by the holders of 99.7% of the company’s shares. The stockholders confirmed the annual report, the balance sheet and P&L account of the bank for 2005. They decided to pass the placed ordinary nominal share dividend for the last year. All the members of the Board of Directors were re-elected for another year. KPMG CJSC, member of the association KPMG International, was appointed the bank’s auditor.

Uralsky Turbinny Zavod CJSC (Ural Turbine Works, member of RENOVA Group) proceeds with purchasing and modernization of production facilities within the framework of corporate technical re-equipment program. At the beginning of March 2006, the company installed at its machine-assembly department No. 1 and put into operation a new program-controlled merry-go-round machine for processing disks of steam turbine rotors. It is the company’s first machine allowing to process the details of irregular shape that carries out their complete machining. In addition, on April 28, 2006 the company started

Yuzhnouralsky Armaturno-Izolyatorny Zavod JSC (Reinforcement and insulator producer of Yuzhnouralsk) is preparing a reconstruction of its glass furnace. The reconstruction is to be accompanied by the technological development of the furnace. The scheduled volume of the company’s investments into the project exceeds 70m RUR. The company has already negotiated the contract of designing and the procurement contracts for metal, materials and some part of equipment. The reconstruction of the glass-melting sector together with the installation of the new furnace is scheduled for the third quarter

Kalina JSC announced its achievements in the first quarter of 2006 (according to Russian accounting standards). The company’s sales and gross profit have come to 1 924,800 RUR and 932m RUR, respectively. This means a 16.72% increase in sales and a 9.29% increase in gross profit compared to a year earlier. The company’s profit on sales amounted to 480.766m RUR, which exceeds the corresponding figures for 2005 by 14.39%.

In February and March 2006, Zlatex Ltd. sold 66 machines (compared to 44 a year earlier), of which 22 were EO-2621 V-3 (MTZ) excavators, 8 EO-2621 V-3 (YUMZ) ones, 3 EO-2621 V-2 (YUMZ) ones, 27 EO-2621 and EO-2626 Ch ones, and 6 public works machines, the company’s spokesperson said to UrBC representative.

The Board of Directors of Uralmashzavod JSC, a machine-building plant, decided to hold the general meeting on June 24, 2006. The points on the agenda include confirmation of the annual report, the accounting report, including the P & L statement, and profit and loss distribution for 2005. The shareholders will also have to elect the company’s Auditor, the Board Members, and the inspection committee, as well as approve of the amendments to the company’s Charter. The list of attendees was complied according to the state of events as of May 5, 2006. The Board also stated that given the

The general shareholder meeting was held by Magnesite Industrial Complex JSC (part of Magnesite Group) on April 29, 2006. The shareholders approved of the annual report, the accounting report, including the P & L statement, and settled the issue of P & L distribution. It was decided that the company should pass a dividend for 2005 and invest the undistributed net profit into the investment and social programs as well as in enlargement of circulating assets. The shareholders elected Audit Classic JSC as their Auditor for 2006. The Board meeting held on the same day resulted in electing

Ural Airlines JSC summed up its achievements in the first quarter of 2006. According to the company’s spokesperson, the passenger turnover has come to 367, 557,000 passenger/kilometers, which is an increase of 19% against a year earlier. 153,098 (18% more) people have used the airline since the beginning of the year, with the ratio of occupied seats coming to 67.5%. The carrier has performed a total of 1,759 flights, of which 1,343 were within Russia, 129 flights were to the countries of the NIS, and 286 were international ones. In the summer, the maximum daily number of flights is predicted

Yuzhnouralsky Armaturno-Izolyatorny Zavod JSC (Reinforcement and insulator producer of Yuzhnouralsk) has resumed its grinding bodies production using advance payments of prospective buyers. The amounts of sales and production has been determined until the end of year, with monthly deadlines. Porcelain works of Bugulma and Bogdanovitch should be the main buyers of uralite produced at the plant. The contracts have already been signed. Having shipped their orders, the porcelain insulator production management is going to take orders from other clients as well, as there are some applications

Chelyabinsk Trade Center JSC to hold annual meeting on May 23, 2006. The points on the agenda include confirmation of the annual report, the accounting report, including the P & L statement, and profit and loss distribution for 2005, and the issue of dividend. The shareholders will also have to elect the company’s Auditor, the Board Members, and the inspection committee.

The general shareholder meeting held by Snezhinkskiy Bank JSC on April 21, 2006 was adjourned with the decision to distribute 25,000,153.75 RUR worth of profits according to the 1.25 RUR-per-registered paperless share scheme. Besides, in accordance with the recommendations of the Supervisory Board the net profit is to be split as follows: 1,225,000 RUR is to go to the Special Purpose Fund, 200,000 to Production and Social Development Fund, 50,603,280 to Savings Fund. The shareholders also agreed on the annual report, the accounting report, including the P & L distribution for 2005, the

Throughout January to March 2006, Chelyabinskiy Tsinkoviy Zavod JSC, zinc plant of Chelyabinsk, produced 34,763 tons of zinc and zinc-based alloys, which exceeds the figures for the first quarter of 2005 (27,361 tons) by 27%. The sales amounted to 2.139m RUR, which is 147% better than a year earlier (865m). 69% of produce was distributed on the home market. The company’s production plan for 2006 provides for the output of 150,000 tons of zinc and alloys, the company’s spokesperson said to UrBC representative.

This year’s first meeting of the local environmental club members comprising representatives of some social groups took place in Nizhniy Tagil. One of the points on the agenda was discussing the renovation plan proposed by Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group). According to the director of coke-chemical production of the Complex Nikita Berkutov, starting this year, all of the new projects meet the environmental provisos. Thus, the No. 5 cokery currently under construction includes the unit providing for dust-free delivery of coke; the new slaking units