Beloyarskaya nuclear power station summed up the results of its activity in June 2006. According to their spokesperson, there weren’t recorded any safety or limit violations, and the rare gas activity breakthrough in June comprised less than .01% of the upper limit. The radiation level in the town of Zarechniy and the power plant site was not any bigger than usual and fluctuated between 5 microroentgen per hour in the village of Beloyarskiy and 6.5 microroentgen per hour in the villages of Rezhik and Dubrovo. This is believed to be typical of Russia, with its standard range of 4 to 20

Mechel JSC, an ore mining and metallurgical company, held the annual general meeting on July 3, 2006, the company’s spokesperson said to UrBC representative. The shareholders declared the dividend of 12.73 RUR per registered paperless share for 2005. The total amount of money meant for the payment of dividends should reach the point of 5.3 billion RUR ($195.7m). According to the Generally Accepted Accounting Principles of the United States, the dividends make up 50% of the company’s net profit. The dividends will have been paid on account by no later than December 31, 2006. The attendees also

Andrew Welch, Chairman of Aston Group, visited Sverdlovsk Region, reports the spokesperson for the Ministry for International and Foreign Economic Relations of Sverdlovsk Region. The Russian-American joint venture might go for a new investment project in Yekaterinburg worth $300m, Mr Welch announced in the course of the meeting with Viktor Koksharov, Minister for International and Foreign Economic Relations of Sverdlovsk Region. The new construction project is aimed at building new dwellings in Yekaterinburg and is, in fact, the first attempt of the U.S. Government to finance the construction

A massive technological blast was performed at the floor of -240 meter of Yuzhnaya mine of Vysokogorskiy ore mining and processing enterprise JSC (part of Evraz Group). This resulted in beating over 420,000 tons of ore, which should provide the miners with production for more than five months. It took the company’s technicians a week to charge the boreholes; they used around 1 ton of explosives altogether. On the day of the blasting operation, all the equipment (including the lifts, the pumping, and the ventilation) was put out of operation, and all the workers had to leave the lower floors.

On June 26, 2006, sintering machine №1 was put into operation after the scheduled repairs at the sintering shop of Vanadium Ore Mining and Processing Enterprise JSC of Kachkanar. One day later, the company’s technicians and the equipment repair service experts went on with the preventive overhaul of machine № 2. These experts are to replace the small parts of the machine and to eliminate the imperfections in the way the machine operates. The sintering machine is to be put into operation on June 30,’ says the company’s spokesperson. The spokesperson also reported that the overhaul should

Ural Interregional Department of Russian Federal Property Fund announced the results of the auction aimed at selling the shares of UralAviaInform JSC. These results were summed up on June 1, 2006. Put up to auction were 31,270 ordinary registered shares (state serial number 1-01-31703-D), that is, 100% of the company’s authorized capital. The opening bid for the shares was set at 8.911 million, yet the auction was nullified due to the absence of applications to participate.

A Member of the Board of Directors of UralPromBank JSC as recently changed his share of the company’s authorized capital. According to the official papers, the share of former Director Konstantin Strukov has gone down from 3.43% of ordinary shares to zero. In May 2006, the same happened to the shares of the bank’s former Chairman Mikhail Parfentiev and his deputy Yuriy Kachalin who used to hold 4.397% and 3.98% of ordinary shares, respectively. Meanwhile, the current Chairman Valeriy Efros raised his share of the authorized capital from 31.826% to 43.996%.

OGK-5, a power generating company, has announced an investment counselor contest in order to issue an extra share holding targeted at attracting more investments, reports the spokesperson for SverdlovEnergo JSC. OGK-5 was the first of the five generating companies to be allowed to pilot the extra issues by RAO UES of Russia, the majority shareholder. Since RAO UES of Russia does not have any settled decisions as to the ways of attracting investments at the moment (and the application deadline is July 5, 2006), OGK-5 is asking its potential investment counselors to present their skills in all

Vanadium Ore Mining and Processing Enterprise JSC of Kachkanar (part of Evraz Group) has considered and introduced a program aimed at enhancing the safety of and upgrading the drilling-and-blasting operations in 2006-2010. According to the company’s spokesperson, the Program provides for the preliminary testing of an electronic blasting system called Ore, for testing and installation of the emulsification unit, and for design and introduction of the modern mix-pump trucks. It also sees to improving the drilling-and-blasting characteristics and replacing the drilling equipment with the better

Snezhinskiy JSC set up the Universal United Bank Management Fund. As the bank’s spokesperson said to UrBC representative, the Fund was registered with the Bank of Russia General Administration in Chelyabinsk Region on June 26, 2006; this is the first fund of such nature set up by a regional bank. Starting July 3, Snezhinskiy JSC will be accepting investments directed to the Fund, with the lower investment limit set at 100,000 RUR (Russian currency only). The commission of the managing body comes to 1% of the current market value of the assets per annum (charged monthly or in case of

On June 28, 2006, the premises of Ural Airlines JSC were visited by Tamir Ori, the executive of Air Safety Division of Israel’s Department of Transport. The Department only allows the carriers to fly to Israel after the airline proves its compliance with the safety regulations. Mr Ori was going to see how safe the Yekaterinburg-Tel Aviv flights of Ural Airlines were; he also gave some training to the company’s employees, examined the level of personnel air safety preparedness, looked at the set of measures aimed at preventing illegal interference in the civil aviation activity and came to the

The Board of Directors of Ural Smithy JSC agreed on the terms of the contract delegating the sole executive powers to Mechel Managing Company Ltd. This contract was based on the decision made at the company’s AGM in April 2006. Former General Director Ramil Zakirov was appointed Managing Director, the company’s spokesperson said to UrBC representative.

152 graduates of Metallurg professional lyceum were offered jobs at Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group). Alongside with their diplomas, 18 graduates received the company’s personal invitations as a sign of special encouragement. For the first time this year, Evraz Group introduced five corporate fellowships (6,000 RUR per semester). The whole project is part of Evraz Holding Ltd. welfare program. ‘Thanks to the united corporate promotion network developed within the company, we are able to train our employees while they’re still at college. We have been

On June 29, 2006, Chkalovskiy District Court of Yekaterinburg returned a verdict on the share-selling agreement made by Chairman of Bank24.ru Sergey Lapshin and Business Club Globus CJSC. Mr Lapshin was going to sell the latter a 19.66% share holding of Stroyplastpolymer JSC, but the court found the agreement void, the spokesperson for Sverdlovsk Region Court said to UrBC representative. This agreement was, in fact, part of a larger transaction that involved trading the assets of Bank24.ru (including the shares of Stroyplastpolymer JSC) for a 20% share holding of Bank24.ru (which Mr Lapshin

Gorno-Shorsky branch of Evrazruda JSC has started overhaul of small skip hoist of its Skip shaft in order to replace two of its skips. The skip hoist is calculated to lift 8.4 tons of weight and is operating at the floor of +185 meters. The overhaul is the second stage of the complex repairs of skip hoists that began in March 2006 with the replacement of skips at the big hoist of Skip shaft. The complex overhaul carried out at Skip shaft is expected to reduce its operating costs, preclude emergency breakdowns, and improve the production standards through reducing the share of common manual

ChelyabEnergoSbyt has recently held the annual general meeting that resulted in approving of the company’s annual report, the accounting report, including the P&L statement, and profit distribution for 2005. The shareholders declared the dividend of .0097495 RUR per ordinary share and .0097495 RUR per preference share. They also elected the inspection committee and the Board of Directors: A. Vlasov, General Director of a mortgage-lending agency A. Kondrashov, Deputy GD of Mechel Energo Ltd. V. Chudo, General Director of Mechel Energo Ltd. T. Ufimtsev, the leading executive of the local

Chelyabinsk Generating Company JSC held the annual general meeting on June 28, 2006. The shareholders approved of the company’s annual report, the accounting report, and agreed on the profit distribution for 2005. They also made amendments to the company’s Charter, elected the inspection committee and the Board of Directors (two state representatives, one representative of a minority shareholder, and eight representatives proffered by RAO UES of Russia). The attendees decided to spend 128.592 million RUR of net profit on dividends (this covers the interim dividend for the first half of 2005),

The extraordinary general meeting of Trubodetal JSC (Chelyabinsk), member of OMK, was held on June 30, 2006. The stockholders approved of a transaction between the company and OMK-Steel Ltd. According to the terms of the transaction, OMK-Steel Ltd. is to conduct transactions, including import ones, of purchasing rolled metal, and other kinds of raw materials and consumables for Trubodetal JSC. The estimated annual worth of the transaction comes to 450m RUR.

Chelyabinsk Region Government decided to privatize its share in the authorized capital of three companies, namely, Chelinformcenter Ltd., Ural-Tonar Ltd., and South Ural Investment Company JSC. According to Evgeny Teftelev, Chelyabinsk Region Minister of Industry and Natural Resources, the share of the regional Government in the authorized capital of Chelinformcenter Ltd. amounts to 52.02%. It was acquired in 1999 through reorganization of Regional Information Center CJSC that resulted in setting up Chelinformcenter for rendering information services to the Government. The investments of the

Argayashskiy radio plant JSC has recently held the annual general meeting that resulted in approving of the company’s annual report and the accounting report. The attendees decided to pass a dividend for 2005 and elected the Board of Directors: Kamil Diyarov, Irina Galeeva, Lyubov Artyukova. Mr Diyarov was elected the company’s GD.