Sverdlovenergo JSC announces the sale of its 3,280 (three thousands two hundreds eighty) Tagilbank JSC equities via a sealed-bid auction. The opening bid is 32,800 RUR, the sale contract with the best bidder is to be made within a fortnight since the signature of the auction report, the payment shall be made in monetary form. Passing of the property is to be registered after the money receipt on the Sverdlovenergo JSC settlement account. The amount of the first issue of equities is 1,640; the amount of the second issue equities is 1,640. The face value of one equity is 10 RUR. The equities

Ufaleynickel JSC started overhaul of converter No. 5 located at the company’s smeltery. Within the last week, the preparation of shelerter shell to dismantling was completed including the removal of the wrapper plate, the dust-hood and the end covers and dismantling of operating platforms. The dismantling of the old converter case was executed by means of two cranes. All the scheduled overhaul operations have been carried out in strict accordance with the company’s plan. The converter overhaul will have been completed before the end of the present month, the spokesperson for Ufaleynickel said

The Board of Directors of Chelyabinsk Zinc Plant JSC decided to allot the extra share issue of 4,457,572 nominal paperless shares with a par value 1 RUR each. The shares will be distributed among the company’s shareholders.

Kalina JSC is going to place a receiving order with Court of Tatarstan in order to claim 400,000 RUR from Nefis Cosmetics JSC. The sum had been awarded to Kalina JSC in compensation for illegal use of the company’s trademark, Malenkaya Feya (Little Fairy), as well as of the image of a little girl – Nefis Cosmetics had used it in the production of its Milenkaya Feya (Pretty Fairy) kids’ shampoo, which ad been qualified as counterfeiting. Part of the sum is constituted by Kalina’s legal expenses. As Nefis Cosmetics still hasn’t paid the money awarded by the court it will have to be claimed

Sverdlovsk Regional government covenanted for supply of 70 Yenisey combine harvesters in 2006 with Agromashholding JSC (Krasnoyarsk). The harvesters are to be distributed among agricultural enterprises of Sverdlovsk Region. The contract was concluded during the Ural-Agro-2006 trade exhibition, visited by Sverdlovsk Governor Eduard Rossel and Regional Minister of Agriculture Sergey Chemezov. ‘The covenant of combine harvester supply with Sverdlovsk Region is to be implemented within the present year. This year, we are going to deliver 70 Yenisey combine harvesters to Sverdlovsk Region, whereas

Operations of the Yuzhnouralsky Armaturno-Izolyatorny Zavod JSC (reinforcement and insulator producer of Yuzhouralsk) under its contract of supply to Iran in 2005 reach their final stage. The contract provides for the delivery of U-160 and U-210 insulators produced by the company. The delivery is to be made in three shipments. Before their shipment, the insulators undergo a test attended by the Iranian consumer representatives. After the signing of the test report, the Iranian party issues a supply clearance. The first shipment was delivered to Iran within the summer of 2005. At the end of

The management of Uglemetbank JSC has changed. The powers of Raisa Budkova and Anna Kuz’mich, members of the bank management, were withdrawn before the due date. The corresponding decision was issued by the bank’s Board of Directors during their meeting on April 12, 2006. At the same time, Yana Grishchenko entered Uglemetbank management as the new member. The changes happened after Konstantin Panfilov succeeded former GD of Uglemetbank Sergey Babenkov a month ago.

Severskiy Trubniy Zavod JSC (part of TMK JSC) summed in the first three months of 2006. According to the company’s spokesperson, the works shipped over 146,000 tons of steel tubes, which exceeds the figures for 2005 by 6.2%. The works cast over 170,000 tons of steel (an increase of 2.3%) as well.

The rolling shop for broad-flanged beams of Metallurgical Industrial Complex of Nizhniy Tagil (NTMK JSC) completed the overhaul of its kiln oven. The oven is meant for heating the metal ingots before the rolling; there are three ovens all in all, each being overhauled every 1.5 to 2 years. In March 2006, № 2 kiln oven was given overhaul, which took 18 days and included the replacement of refractory masonry and some hardware. ‘The fact that we hadn’t been able to use one of the kilns for quite a while didn’t prevent us from keeping up with the productivity levels. The overhaul had been

The annual general meeting of shareholders of Nizhneserginskiy metal and metallurgical goods plant was adjourned with the decision to pass the dividends for 2005 proffered by the Board of Directors. They also agreed on the annual report and the accounting documents, including the P& L report and profit distribution. Elections of Members of the Board (Pavel Kurdupov, Alexander Loginivskikh, Vladimir Butenko, Sergey Zakharov, and Sergey Mironov were elected) and of the inspection committee as well as the auditor (Standard Audit Ltd.) also took place. Besides, the stockholders approved of

Chelyabinsk Subsidiary of Russian Federal Property Fund announced the results of auctioneering of a share holding of Optovo-Roznichnoye Snabzhenie Snezhinsk JSC (Snezhinsk wholesale and retail supply). 20,477 shares of Snezhinsk company, or 19.8% of its authorized capital, were put up at the auction. Kompaniya Park-Invest Ltd. bid the highest price of 1.5m RUR for the shareholding.

South-Ural Mortgage Lending Agency summed up its success in the first quarter of 2006. Within the reported period, the Agency allotted 139 purpose mortgage loans worth 64.9m RUR. The loans are to be spent to acquire the dwellings whose construction was invested in by the Agency. In total, 189 dwellings worth 156.7m RUR were sold. The Agency also paid off 153 mortgages worth 80.5m RUR and refinanced 137 mortgages worth 66.4m RUR. The total amount of the Agency’s investments into construction of apartment blocks in Chelyabinsk Region came to 124m RUR. The expected amount of the Agency’s

Chelyabinsk Subsidiary of Russian Federal Property Fund announced auction to sell the pledged and arrested property of Chelyabinsk mechanical works. Put to auction is the manufacturing equipment such as presses and engineering tools. The auction is to take place on May 12, 2006.

On May 12, 2006, Stroyreconstruktsiya CJSC, a building company, is going to have the annual general meeting. The points on the agenda include agreeing on the accounting papers for 2005, electing the Board members and the inspection committee.

Board of Directors of Chelyabinsky Metallurgichesky Kombinat JSC (Metallurgical Industrial Complex of Chelyabinsk, member of Mechel JSC), made the decision to set up a subsidiary association Spetsstal Ltd. and grant it on a lease the existing company’s production of special and alloy steels facilities. This was reported to UrBC representative by PR-department of Chelyabinsky Metallurgichesky Kombinat. Spetsstal Ltd. is to function on the basis of electric furnace steelmaking shop No. 3 and the press shop of Chelyabinsky Metallurgichesky Kombinat. These shops specialize in production of

Yekaterinburgsky Myasokombinat Ltd. (meatpacking factory of Yekaterinburg) started to build up the regional holding of the same name, said Oleg Bykov, the company’s Chairman. According to Mr Bykov, the holding is to integrate the main regional meatpacking industry enterprises, their sources of raw materials, vegetable oil productions and sales networks. The holding will also include grain storage and processing plants. The holding structure formation is to have been completed by the middle of 2007.

Vanadium ore mining and processing enterprise of Kachkanar (part of Evraz Group) has been repairing and replacing the contact-wire line of Yuzhnaya station as well as the rails of № 2 freight track of Yuzhnaya and Drobleniya. Replacement of belt roller and repairs of №№ 1, 3, 15, 17 conveyor belt compressors were performed in the concentrating mill of the crushing shop. Everything was done before the deadline. Some assembling concerning the replacement of separators and of the rod mill will also take place. The equipment repairing specialists are keeping on installing the Test Tower unit

‘A delegation from Grand Duchy of Luxembourg headed by Crown Prince Guillaume arrived in Sverdlovsk Region. The Prince said Luxemburg and Sverdlovsk Region had much in common in terms of metallurgical industry development,’ reports the spokesperson for Sverdlovsk Region Governor. ‘The Minister of Economics and Foreign Commerce of Grand Duchy of Luxembourg Jeannot Krecké observed that the two entities had great cooperation potential.’

S7 Airlines start performing regular Perm to Moscow flights on April 11. The flight 035/036 use Boeing 737-500 and are offered daily. The plane leaves Moscow at 11.55 PM, arrives in Perm at 4.05 AM, leaves it at 6.05 AM and comes back to Moscow at 6.20 AM, the company’s spokesperson reports. Besides, S7 Airlines have signed the code-sharing agreement with Perm Airlines that allows the former to sell seats for three daily flights of the latter.

The trustee in bankruptcy of Yuzhurallesprom Ltd. Sergey Kurbyko put up the company’s assets up to auction. To be sold are the steam-power shop building and the warehouses. The opening bid is 1,237,600 RUR. The minimal addition to each next bid is 10,000 RUR. The auction is to take place on May 16, 2006.