The drying facility of Mundybashskiy subsidiary of Evrazruda (ore maker and part of Evraz Group) has recently been repaired in order to make sure everything is going to function smoothly in winter. This included repairing the concentrate sorting belts and parts of the drying drums and checkups of electric drives, reductors, smoke suckers, and gas-cleaning systems of fireboxes. Everything was completed by the company’s employees. This week, the technicians have looked at the was the drums operate in a non-load mode and tested the alignment of the smoke sucker drives. The drying facility is

Federal Antimonopoly Service in Sverdlovsk Region found violations in advertising of 21st century Tobacco. The company’s billboards were located within less than is legal of a children’s hospital and a secondary school. The suit against Saturn EK, the company that was distributing the advertisements of the tobacco producer, was put off since the defendant was represented by someone without the procuration needed for the case.

‘The breakdown at the main station of the works occurred at 2.30 AM on October 4, 2006; it was caused by tube-rolling shop # 8 catching fire and damaging the equipment of the station that provides power and electricity for the works. The fire was only put out at 5.45 AM, which resulted in the better part of the departments left without electricity. The supply was partly restored by the beginning of the working day, and all the departments got back on track by 4 PM, except for shop # 8 (it will have to be given overhaul),’ the company’s spokesperson Janna Olkhovikova said to UrBC

A filling facility is being put up at Tashtagolskiy subsidiary of Evrazruda; this is part of the long-term development program of Evraz Group. Once the construction has been completed, the facility will make it possible to start dealing with the iron ore currently inaccessible as it is located under the production site of the mine and the River Kondoma. The workers have already fortified the foundation on the main building of the facility in compliance with the seismic resistance requirements and are now assembling the frame of the building meant for two ball crushers; these ball crushers

TMK, Russia’s largest and one of the world’s leading tube producers, announced that is was going to do a public offering of Global Depositary Receipts and ordinary shares. The company is thinking of offering them at London Stock Exchange and RTS (Russian Trade System). The shares will be offered by TMK Steel Limited, the majority shareholder. This offering is to be approved by all the corresponding bodes, including the registration and approval of the Federal Financial Markets Service and UK Financial Services Authority. Credit Suisse, Dresdner Kleinwort and Renessans Capital are going to

The company produced 2,116,500 tons of coal in January-September 2006, which falls short of the figures for January-September 2005 by 16.5%. This includes 686,100 tons of coal extracted at Kapitalnaya mine and 151,500 tons coming from Komsomolskaya mine. The daylighting operations resulted in 3,787,000 cubic meters of coal (which amounts to 64.1% of the figures for January-September 2005). The company’s miners developed 5,584 meters (70.5% of the figures for the year earlier), the company’s spokesperson said to UrBC representative.

Compliance with the company’s Collective Agreement was assessed at the meeting of Magnesite Industrial Group (part of Magnesite Group) employees with the company’s management. Prior to the meeting, special sessions were held in the corporate departments; the sessions were devoted to the potential amendments to the agreement; an ad hoc committee agreed on a number of those. It was announced at the meeting that the employees complied with all the regulations very obediently in January-June 2006. This was, among other things, due to the regular investments in the production and social fields.

Ural Airlines have already serviced 1.7 times more transit passengers in the nine months of 2006 compared to January-September 2005. The company plans on performing flights to 19 destinations (including Dushanbe, Moscow, Yerevan, Nadym, Nizhnevartovsk, Novosibirsk, Noviy Urengoi, Salekhard, Samara, Saint Petersburg, Mineralniye Vodi, Sochi, Tashkent, Hudzhant, Chita, Vladivostok, Irkutsk, Khabarovsk, and Yakutsk) in the winter of 2006/2007. These flights provide for over 70 two-sided interfacings that offer the best conditions for a passenger to travel to the place they need with a connection

Ural Turbine Works (part of Renova Group) and ElSib Scientific Production Association of Novosibirsk declared their cooperation as being strategic in nature, which was confirmed in the corresponding agreement signed at the end of September. They will now be partners not only in the field of power engineering projects but also in more general spheres of business and scientific activity. ‘This mutually beneficial cooperation with the Siberian company will allow us to expand our sales of goods and services and master a higher level of performing on the power engineering industry market,’ says GD

According to the spokesperson for Federal Antimonopoly Service in Sverdlovsk Region, it ordered SverdlovEnergo, the local heat and power supplier, to eliminate all the violations of Provision on Competition and Limiting Monopolist Activity on Consumer Goods Market on September 27, 2006. SverdlovEnergo violated the legislation by preventing the other supplier from entering the wholesale market and was reluctant to sign the agreement that would allow the use of their networks in the way suitable for Ural Chemical Company. The corresponding complaint was placed with the antimonopoly service by

‘The legal suit involving Ilya Gaffner is going to damage the customer confidence in EuroGreen,’ the spokesperson for Intellis Legal Advice Ltd. said to UrBC representative. The verdict of guilty was returned on September 20, thus closing the case that had to do with arrears of wages to employees of SevTymenTransPut; the guilt of the accused was fully proved, with Mr Gaffner getting three years on parole with a 12-month probation period. The public prosecution authorities of Yamalo-Nenetsk Autonomous Region appealed the decision based on extreme leniency of the sentence.

Ural Airlines have already serviced 1.7 times more transit passengers in the nine months of 2006 compared to January-September 2005. The company plans on performing flights to 19 destinations (including Dushanbe, Moscow, Yerevan, Nadym, Nizhnevartovsk, Novosibirsk, Noviy Urengoi, Salekhard, Samara, Saint Petersburg, Mineralniye Vodi, Sochi, Tashkent, Hudzhant, Chita, Vladivostok, Irkutsk, Khabarovsk, and Yakutsk) in the winter of 2006/2007. These flights provide for over 70 two-sided interfacings that offer the best conditions for a passenger to travel to the place they need with a connection

MetcomBank JSC has recently reduced the minimal annual interest rate for mortgage loans from 11.5% to 11%. The loan terms provide for 15 years of payments, given that the client has paid for at least 50% of the dwelling. The maximal mortgage interest rate is now .5% less as well and amounts to 14%; this rate is set for 30-year loans, given that the client has paid for at least 10% of the dwelling. ‘Reducing our mortgage rates is quite logical and has to do with the development of Russian economy and current state of the real estate market. Besides, the bank supports the mortgage program

The Municipal Engineering, Architecture and Land Resources Administration approved of the project design of Parkoviy trade and entertainment center, reports the spokesperson for the Olips, the project developer. The company is currently drawing up all the documents that need to be approved of in order to start the construction. The would-be center is expected to be located in Lunacharskiy-Tveritin-Bolshakov-Krasnoarmeyskaya streets, with the total area coming to 74,554 square meters plus 27,716 square meters of underground parking area meant for 1,190 cars. Most of the center will be occupied

Russian Copper Company participated in the forum of bordering regions of Russia and Kazakhstan on October 2-3, 2006. The forum took place in Uralsk (Kazakshtan) and was devoted to the possible areas of cooperation, resulting in a number of important agreements on further development of bilateral cooperation. Russian Copper Company presented its Kazakhstan-based project, Aktybinsk Copper Company, and this presentation was attended by Presidents Vladimir Putin and Nursultan Nazarbaev, who had a chance to look at the range of products offered by the company. Mr Putin paid great attention to all

‘ Most small businesses in Chelyabinsk Region deal in wholesale and retail trade (47.7%). This might be due to the fact that trade is the field of business with the lowest starting capital needed; these data are comparable to the average Russian figures that come to 45.8%,’ Deputy Minister for Economic Development of Chelyabinsk Region Igor Lashmanov said to UrBC representative. ‘I’d like to emphasize that Chelyabinsk also usually gets on Russia’s top largest cities list in terms of per capita amount of trade centers and areas. The same is true of cafes, restaurants and the like, which means

The bank looked at its success on October 1, 2006; its balance sheet total came to 26.64bn RUR, which exceeds the figures for October 2005 by 94%. The bank’s profit amounted to over 803m RUR at the beginning of the fourth quarter of 2006, which is 90% better than a year earlier. The company’s authorized capital reached the point of 742m RUR, with owned capital coming to 1.89bn RUR (60% better than in October 2005). The net indebtedness rose by 103% and amounted to 16.42bn RUR. The deposit investments increased by 102% and reached the point of 15.85bn RUR, including the natural person accounts

National Cable Networks Group announced the completion of a purchasing agreement with TeleSet Service Ltd. (aka CABiNET), the local internet provider. This acquisition is the logical continuation of the company’s strategy aimed at the expanding of business and increasing capitalization. ‘We are trying to build up our share of the regional markets through buying out the local operators. With TeleSet becoming part of our group, we’ll be able to boost our development and offer the residents of Yekaterinburg an integrated service pack that will include both access to the Internet and cable TV

Vanadium, Ore Mining and Processing Enterprise of Kachkanar (part of Evraz Group), keeps trying to expand the database containing information on iron content in the ore the company extracts. The corporate technicians are currently busy making a new iron-distribution map of the development fields for 2007. The data on iron content and distribution are to be obtained via drilling wildcat wells, well testing, and use of geophysical methods. Provided such diagnostic is precise, it will raise the production throughput impressively. The development of Gusevogorskoye deposit of titaniferous

Ural Turbine Works is now upgrading its quality service as part of its technical modernization program. In order to increase precision and speed of product quality testing, the company has already bought and introduced AA6300 atomic absorptive spectrophotometer and a special device meant for hardness gauging produced by Kraut Kremer of Germany. All this is primarily aimed at completing the plan for 2006-2007, which requires reducing the preparation phase of production, reports the company’s spokesperson.