Sverdlovsk Gubernskiy Bank assessed its success in nine months of 2006. The bank’s balance sheet total amounted to 8.02bn RUR on October 1, 2006 (compared to 5.45bn on January 1, 2006), its owned capital came to 839,67m RUR (compared to 615.46m RUR on January 1). The net wealth rose by 46.9% and reached the point of 7.71bn RUR (compared to 5.25bn on January 1), the income-earning assets amounted to 5.52bn RUR (an increase of 32.1%). The loan portfolio (commercial loans, discounted bills, interbank loans) went up by 20.6% and came to 3.8bn RUR (compared to 3.15bn on January 1, 2006). The

The Court of Verknyaya Pyshma completed the hearings connected with the criminal suit of accountant of Sredneuralskiy subsidiary of UralTransBank Oksana Schegolkova who was charged with theft and fraud. According to the prosecution, Ms Schegolkova had stolen over 10m RUR from the accounts of the bank’s clients, so they insisted on the maximal penalty of 10 years in prison. This legal action was initiated by the local prosecution bodies at the end of 2005; the charge concerned Part 4 of Article 159 of Russian Criminal Code (large-scale fraud). The documents were placed with the court this

OGK-1, the First Generating Company, raised the productivity of its electric power stations by 13.6% (against January-September 2005): it came to 35,214.71m kilowatt-hours. The productive electricity supply came to 33,596.43m kilowatt-hours. The heat supply amounted to 848,020 gigacalories, with sales in the free trade sector and on the one-day-in-advance market growing up to 5,057.88m kilowatt-hours in nine months of 2006. The stations produced 3,600.93m kilowatt-hours in September, with productive supply amounting to 3,431.71m. The heat supply amounted to 39,040 gigacalories, with sales in

Chelyabinsk Coal Company reduced its coal shipments by 13.1% in nine months of 2006 compared to one year earlier. It shipped 677,200 tons of coal to Chelyabinsk Generating Company in January-September 2006 (this is 121.1% more than in 2005), 1,297,300 tons to South Ural power station (this in only 68.2% of the figures for 2005), 5,200 tons to ChelyabOblTopProm (96% less than in 2005); the other consumers received 62,400 tons (163.3% more than a year earlier), the company’s spokesperson said to UrBC representative.

Magnesite Industrial Complex produced 6.6% more refractory goods in nine months of 2006 compared to one year earlier; the total amount came to 287,900 tons; the commercial powders output rose by 14% and reached the point of 594,200 tons. The enterprise shipped 9.7% more commercial powders in January-September 2006 than one year earlier; the figure came to 594,200 tons. The shipments went up by 2.9% and amounted to over 274,000 tons. The shipments of refractory goods and commercial powders to Russian consumers went up by .9% and 6.2%, respectively, and came to over 244,000 tons and over

A new working cabin has recently been furbished for hoistwomen at Main Groove of Abakanskiy subsidiary of Evrazruda (ore maker and part of Evraz Group). It is completely soundproof and is equipped with the control board and overview windows; the cabin also keeps the workers warm and makes sure nothing and no one distracts the hoist person from performing their duties. The hoisting unit transfers the miners, equipment, and tuffs into and out of the mine. The control board was previously installed in a large, noisy, and crowded engine room with a lot of bulky electric appliances and draughts.

Olips CJSC has been trying to attract more investments from the open capital markets. It is currently dealing with the bills of credit and has already proceeded with two tranches, one of which has been retired, the Director of BrokerCreditService Management Company Viktor Nemikhin announced at the conference called Commercial Real Estate and Construction Project Financing; this conference was conducted by Expert magazine. According to Mr Nemikhin, the bills are valid for three months, which is next door to nothing, from the developer’s point of view, but Olips is trying hard to pursue its

BN-600 power unit was put into operation at Beloyarsky nuclear power plant. (BN-600 was shut down for refueling and scheduled equipment inspection on September 19.) The first out of three turbo generators was launched on October 5, 2006. At 8 PM on October 7, it was brought to function in the rated power mode of 600 megawatt, reports the spokesperson for the plant.

The first court sitting concerning Mayak Corporation Real Estate Management Ltd. took place on October 5, 2006. The members of Yekaterinburg Municipal Council Consumers’ Rights Committee attended the sitting as well as the parties. According to their report, the Court of Ordzhonikidzevskiy District of Yekaterinburg considered the case of the plaintiff, who had signed an apartment construction agreement with the company, on September 12. Mayak Corporation Real Estate Management Ltd. had promised to build, to have and to hold the plaintiff a two-room apartment on the 16th floor of a block

On October 9, 2006, an underground pit was set into operation at Malyshevskoye emerald-beryllium depository. The depository had been under development until March 1994 but then the work was only resumed in 1997, when Zelen Kamen CJSC was set up to develop the field further. The company got a license allowing it to use these subsoil resources in February 1999. In 2004, a new investor, Tsar Emerald Corporation of Canada, joined the project. It invested 17m RUR into the field in 2004 and 77.9m in 2005. During the nine months of 2006, the investments came to 105.2m RUR including 53.7m RUR spent

In September 2006, BN-600 power-generating unit of Beloyarsky nuclear power plant functioned in the rated power mode. Starting September 19, BN-600 was shut down for refueling and scheduled equipment inspection. It is expected to remain non-operating until October 9, 2006. No violations of safety operation conditions or margins occurred. The rare gas activity breakthrough comprised .01% of the upper limit. The radiation level in the town of Zarechniy and the power plant site was adequate to the normal operation mode of the nuclear plant and remained at the level of natural background activity

ChelyabinskGorGas is going to hold an extraordinary general meeting on October 26, 2006. The points on the agenda include approval of a number of interconnected transactions beneficial for the company and the enterprise providing some guarantee of meeting the liabilities of GAZEX Finance Ltd. The liabilities amount to the total face value of 1m GAZEX inconvertible certificated interest-bearing bonds to bearer (series 01), with face value of 1,000 RUR each, to be paid off on the 1456th day within the bond issue. Thus, the total amount comes to 1bn RUR.

On October 7, 2006, IKEA furniture store was opened in Yekaterinburg. The grand opening ceremony was attended, among others, by the store top-management, the city administration and the mass media representatives. The free buses hired by the company to deliver the visitors to the store were overcrowded and yet unable to transport all the people willing to attend the opening ceremony. As the store is located by the Moskovsky highway, the cars of the people driving to the store caused a huge traffic jam there. According to the customers’ reports, the premises were overcrowded as well, which

On October 4, 2006, the Board of Directors of GT-TETs Energo JSC fixed the interest rate for the fourth coupon of the company’s bonds (03 series) at the level of 10.45% per annum. The bonds of 03 series were offered on April 22, 2005 at MICEX Currency Exchange. The volume of the issue amounted to 1.5bn RUR. The bond maturity date, as well as the date of the last coupon payment, is April 18, 2008. Besides, on September 6, 2006 3-year bonds of GT-TETs Energo JSC (04 series) were placed without an offer at MICEX Currency Exchange. The volume of the issue came to 2bn RUR and the coupon interest

Within 1.5 years that passed from the start of TGK-9 JSC operations, the company lawyers showed a high level of performance in recovering the past-due accounts receivable, the company’s PR-department reports. The lawyers registered 111 claims against defaulters worth 341,301,364.49 RUR altogether. 76 of the claims worth 203,078,223.46 RUR were secured, the total sum of money already collected in pursuance of the secured claims came to 9,353,675.25 RUR.

Ore mining and processing enterprise of Kachkanar (Vanadium JSC, part of Evraz Group) has started installation of new equipment within the framework of ore pretreatment technology modernization process. The company’s processing plant received equipment systems for secondary and fine crushing sections manufactured by Sandvik, four fine screen-sizing units made by Derrick, high-pressure separator for dry magnetic separation and hydrocyclone unit by Cavex-Warman. The installation of the new equipment began on September 29, 2006. Balancing and commissioning of the equipment will be carried out in

On October 9, 2006, an underground pit was set into operation at Malyshevskoye emerald-beryllium depository. Total investments into the projects amounted to 17m RUR, including 77.9m RUR invested within 2005. During the nine months of 2006, the investments came to 105.2m RUR including 53.7m RUR spent on the pit reconstruction. This was reported by PR-department of Ministry of Industry, Power Engineering and Science.

Tube Metallurgical Company JSC has summed up its success in 9 months of 2006. Throughout January to September 2006, the company enterprises shipped 2,229,000 tons of tubular goods. Steel production output amounted to 1,633,000 tons, the billet shipments came to 421,000 tons. This was reported by the company’s PR-department.

PROFSTAL Industry Group JSC has acquired an 83.5% share holding of Chelyabinsk Shaped Steel Apron Works. These shares include an 81.1% share holding that PROFSTAL bought from the Chairman of the Board of Directors Igor Svezhentsev. The share holding was acquired on October 5, 2006.

Within 9 months of the year, Chelyabinsk Coal Company JSC reduced coal shipments to consumers by 13.1% against the same figures for the previous year. Throughout January to September, the company shipped 677,200 tons of coal to Chelyabinsk Generating Company JSC (221.1% of the previous year figures), 1,297,300 tons to Yuzhnouralsk State District Power Plant JSC (68.2% of the previous year figures), and 5,200 tons to ChelyabObTopProm JSC (4% of the previous year figures). 62,400 tons of coal (263.3% of the previous year figures) were shipped to other consumers. This was reported to UrBC