Abagurskiy subsidiary of Evrazruda (Russian ore maker and part of Evraz Group) has introduced raw ore concentrate prophylaxis in the conditions of severe Siberian winters. This consists in using a facility fit for spraying the iron-ore raw stuffs with some special frost-preventing substance perfect when the temperature outside is below 40 degrees centigrade. The agent they will use is Universin –C antiicer; it takes between 2 and 4 kilos of fluid to protect one ton of concentrate, depending on the weather conditions. This new technology will allow the enterprise to ship the required amount of

A crime connected with the stealing of non-ferrous metals occurred on the premises of a substation belonging to Troitsk Electrical Networks (part of ChelyabEnergo). As the company’s spokesperson said to UrBC representative, the unknown offenders burgled into the substation located in the village of Stepnoye in the dead of night; they jettisoned the fuel in the transformer and stolen it as it had impressive non-ferrous metal content. The damage (not considering the restoration work to be done) is assessed as coming to 58,000 RUR. The technicians of ChelyabEnergo reported the transformer stolen

An outlet of OBI, the German seller of building materials, finishing stuffs, and gardening equipment and stuffs, has introduced its first store in Yekaterinburg. The company’s annual output is estimated at ?6.5bn; there used to be four stores in Russia altogether, and another six outlets will have been set up before the end of the year. The annual turnover of Sverdlovsk Region amounts to almost 500bn RUR, reports the spokesperson for the Governor.

Pipe Metallurgical Company determined the price range for the upcoming initial public offering of its ordinary shares and Global Depositary Receipts today. The enterprise is planning to offer the GDRs at London Stock Exchange and to offer the ordinary shares at Russian Trading System, another bourse. These shares will be offered by the company’s shareholder TMK Steel Limited. The prices range from $4.60 to $5.40 per ordinary share and from $18.40 to $21.60 per GDR, each GDR representing four shares. This price range is in compliance with the enterprise’s market capitalization of $4-$4.7bn The

A circulating degasifying facility is going to be installed in the converter shop of Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group). The machine is almost ready to start operating, with the company’s technicians finishing the assembling of the main blocks and the power supplying system. The equipment was supplied by SMS Mevag of Germany as a few departments of this machine building concern have already taken part in a number of investment project carried out by the Complex. ‘The facility is meant for removing harmful gases obtained in the process of heat from the

Sverdlovsk Region Power Committee approved of IES Multiutilities Ltd. as Guaranteeing supplier within the region, reports the spokesperson for the company. The decision was taken at yesterday’s meeting, when six more companies were able to prove this status. The Committee will come up with the final decisions as to the distribution of powers of the suppliers on October 24, 2006.

Bodo Schäfer, money coach, businessperson and author, arrived in Yekaterinburg. He is globally known as financial Mozart, with his books (Money, or the ABC of finances, The Path to Financial Independence, and Money Does Women Good) as well as his seminar scripts enjoying popularity all over the world, including Russia. A lot of people have used them as financial and time-management textbooks. This entrepreneur is going to conduct a public seminar on October 18, 2006 and a workshop for the businesspersons of Ural Federal District, aimed at giving them some practical tips and tools for

Vanadium Ore Mining and Processing Enterprise of Kachkanar approved of the production plan for the fourth quarter of 2006. As there appears to be more demand for the company’s produce, the management decided to raise its output. The plan provides for more ore, agglomerate and pellet production. The company has been developing Gusevogorskoye deposit of titaniferous magnetite ore with 16% iron content. Since it uses effective methods of ore processing, the enterprise manages to get ore concentrate with up to 61% iron content with the following treatment of the agglomerate and the pellets.

The population of Chelyabinsk Region was supposed to receive 6,250 mortgage loans in 2006. According to the South Ural Mortgage Lending Agency, the local banks have already issued 6,096 loans worth 4.4bn RUR, Chelyabinsk Region Minister for Construction, Infrastructure, and Roads Valeriy Shopov announced at the meeting devoted to fulfillment of federal projects chaired by Governor Petr Sumin. ‘The regional public tariff committee decided on the price line for one square meter of housing, ranging from 1,000 RUR in Agapovskiy District to 22,000 RUR in Chelyabinsk. These figures will be used

Pulpstone Works JSC announced that it was going to hold an extraordinary general meeting at 10 AM on November 17, 2006. The location of the meeting is 28 Elizavetinskoye Highway, Yekaterinburg. The points on the agenda include deciding on the inspector for the company. The list of shareholders eligible to attend will be compiled based on data available as of February 1, 2006.

SverdlovEnergoSbyt, the regional power supplier, is going to hold a general meeting in absentia on October 20, 2006. The Board of Directors will have to approve of the corporate policy management working agenda for 2006, which covers the company’s strategic development, medium-term and short-term activity planning, managing the activity of the Board, and keeping track of how the Board’s and the shareholders’ resolutions are fulfilled. Another point on the agenda concerns defining the company’s priority development paths, reports the spokesperson for SverdlovEnergoSbyt.

United Machine Building Works–Oil and Gas Projects (aka Izhorsk Works and part of United Machine Building Works) of Saint Petersburg has completed the fulfillment of the contract signed with SurgutNefteGaz, the oil producer of Surgut, for the delivery and full assembling of 24 600-cubic meter gasholders meant for storing wide spread light hydrocarbons. The contract was negotiated in the spring of 2005 and was worth around 340m RUR. United Machine Building Works–Oil and Gas Projects/Izhorsk Works is one of today’s largest Russian suppliers of equipment for storing wide spread light

Vysokogorskiy Ore Mining and Processing Enterprise (part of Evraz Group) has been conducting a tender and deciding on the suppliers of the new equipment for the grinding and processing plant of its Goroblagodatskiy subsidiary. Accoridng to the company’s development program, this project will be receiving investments up to 2015. The enterprise has already chosen Sandvik of Sweden as the supplier of two breakers as the corporate technicians were fully satisfied with their characteristics and parameters. They still have to think of the best source to buy seven modern bolting machines, so the

SverdlovEnergoSbyt, the regional power and electricity supplier, laid 196 claims against unscrupulous consumers who have accumulated 132m RUR of debt altogether in July-September 2006. The Court of Arbitration has so far processed and secured 92m RUR worth of claims and is currently looking into the rest of them. Following the court decisions, SverdlovEnergoSbyt has received 30m RUR by now. The company also placed a few claims asking for 1m RUR worth of interest on arrears (based on Article 395 of Russian Civil Code; the court has so far secured over 700,000 RUR. The company’s demands for

The General Public Prosecution Authority of Russian Federation placed the criminal suit of former mayor of Trekhgorniy Nikolai Lubenets with the court of Trekhgorniy on October 11, 2006. According to the public prosecution bodies of Chelyabinsk Region, Mr Lubenets is charged with abuse of powers leading to severe damage (the accusation is covered by Article 286 (Parts II and III) of Russian Criminal Code. The preliminary investigation was carried out by the General Public Prosecution Authority of Russian Federation in assistance with the experts from the public prosecution bodies of

The Board of Directors of Metallurgical Industrial Complex of Magnitogorsk decided to hold an extraordinary general meeting in absentia. The points on the agenda include declaration of offered share dividends for the nine months of 2006 and reorganizing the Complex through the acquisition of a new company. The shareholders must be notified of the meeting before October 28, 2006. The deadline for submitting the absentee ballots is November 28, 2006.

Ural and Volga Interregional Network Company JSC has suggested doubling investments component of electric-power transmission tariff in 2007. The corresponding proposal has been submitted to Russian Federal Tariff Service and to the regional power committees. The money collected through the tariff raising is to be invested into modernization of electric network equipment. To date, the deterioration rate of the equipment run by the company is about 70%. ‘The increase in the investment component is going to yield about 16bn RUR,’ indicated the company’s Chief Financial Officer Dmitry Ryabov. The

Seversky Tube Works JSC (part of Pipe Metallurgical Company JSC) has released preliminary results of its production operations within the first nine months of 2006. Throughout January to September 2006, Seversky Tube Works JSC has shipped 492,600 tons of tubes. The company’s steel production within the same period amounted to 399,000 tons.

One of the most beautiful temples of pre-revolutionary Yekaterinburg – The Holy Ghost Descending Temple (aka ‘Khrysostomos the Large’) – is going to be rebuilt at the site of the original temple at the crossing of Malyshev St. and Eighth of March St. The rebuilding was initiated by Yekaterinburg Diocese of Russian Orthodox Church, the city administration, Russian Copper Company and Ural Mining and Metallurgical Company. The project is funded by the leading Ural copper producers. According the architects’ idea, the new temple is to be a replica of the original one as it could be found in the

The power shop personnel of Evrazruda JSC Abagursky subsidiary (part of Evraz Group) have celebrated its 50th anniversary. The company’s steam and water supply system that originally contained two six-ton steam boilers, was among the first units constructed at the building site of Abagursky Sintering Plant. Today, the shop comprises two subdivisions, namely, the boiler and compressor sector and the heat network sector. The subdivisions run the boiler house equipped with six coal-burning steam generating units and one oil-burning one, the compressor house, two industrial pumping installations,