Evrazruda JSC (Russian ore maker and part of Evraz Group) decided to develop cooperation among the mechanical services of its subsidiaries as well as to introduce a schedule for providing the enterprise with materials; this schedule is expected to make the corporate planning and internal cooperation more organized. The papers covering the schedule procedures contain a detailed algorithm of joint performance of mechanical services and logistics departments of the subsidiaries (the latter deal with centralized supply system and internal order distribution). Abagurskiy subsidiary of Evrazruda

‘We must admit that even though the legally proposed deadline (stated in the federal law # 36) for separating the power-supplying companies into generating, network-servicing, and supplying ones was stated as April 1, 2006, we still haven’t been able to separate,’ the spokesperson for SverdlovEnergoSbyt JSC said to UrBC representative. ‘A number of companies keep combining services involving electricity transmission with those involving selling it. Moreover, some of them even acquired the status of the guaranteeing supplier, which actually complies with the Retail Market Regulations,’ the

A general shareholder meeting of Uralsevergaz (affiliated company of ITERA Oil and Gas Company) was held in Yekaterinburg. It resulted in electing the new Board of Directors, with Chairman of ITERA Vladimir Makeev becoming the Chairman of the new Board of Uralsevergaz, reports the company’s spokesperson. The former Chairman Valeriy Otcherpov (Chairman of ITERA as well) was elected as recently as June 23, 2006, which is when the annual shareholder meeting was held in Uralsevergaz. Yet in July, Mr Otcherpov resigned from his position in ITERA and became Deputy Chairman of ITERA. Vladimir Makeev

UralBusinessConsulting Agency of Information and Analytics re-registered with the Federal Mass Media Legislation and Cultural Heritage Surveillance Service. It has been given a new registration certificate IA FS 77-25770. According to the rules of registration, the agency is allowed to operate on the territory of the Russian Federation. This means that UralBusinessConsulting Agency of Information and Analytics now has the official status of the federal mass medium.

According to the Central Bank of Russia, the volume of investments and deposits at call of non-resident natural persons in Mechel-Bank has gone down by 38.524036% (from 1,477,000 RUR to 908,000 RUR) over the nine months of 2006.

According to the Central Bank of Russia, the volume of accounts opened in Uglemetbank by nongovernmental commercial organizations for a term of 1 to 3 years has gone down by 86.956522% (from 46m RUR to 6m RUR) over the nine months of 2006.

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According to the spokesperson for the General Administration of Public Prosecution in Ural Federal District, in the course of regular investigations their experts have revealed a lot of crimes connected with illegal copying of audio and video CDs, tapes, software and other types of copyrighted media since the beginning of the year. One such case involves a surreptitiously operating shop/storehouse that dealt in producing CDs and selling them on the wholesale basis. The shop was located in the so-called Staraya Sortirovka district of Yekaterinburg; the inspection of the premises resulted in

The Central Bank of Russia registered the issue of certificated interest-bearing non-convertible bearer bonds (series 01) by SKB-Bank. The state registration number is 40100705В. The day of the IPO is to be determined by the bank’s Board of Directors and announced according to the federal law on Securities Market as well as according to the laws adopted by the federal executive body responsible for monitoring the securities market. The issue is worth 1bn RUR, with face value of one bond coming to 1,000 RUR; the life of the bonds is three years, with quarterly coupon payments and an annual

A special vertically integrated structure is to be set up in Sverdlovsk Region; it will be called Uralvagonzavod Scientific Production Corporation and developed by Rosprom, the PR Director of Uralvagonzavod Production Association Boris Mineev said to UrBC representative. ‘The structure will consist of nine industrial enterprises, seven institutes, and four drafting departments. So far, the following companies have applied: Uraltrac Ltd., Electromachine Scientific Production Association, Uraltransmash Federal Unitary Enterprise, Kamensk-Uralskiy Foundry JSC, and Rubtsovsk Machine Building

The last carriage loaded with parts of the new PT-90 steam turbine meant for the power station located in People’s Republic of China started its journey from the premises of Ural Turbine Plant (part of Renova Group) on October 30, 2006. Another such turbine is now being made as well. In addition, the works is planning to sign a contract involving production of the first 300-megawatt steam turbine with Harbin Turbine Works in April 2007. This turbine will be installed at another Chinese power station. At the recent meeting of the two parties, they had a chance to look at the working schedule.

Pipe Metallurgical Company (aka TMK) announced that it managed to go through with the over-allotment option with the help of its global coordinators. The option amounts to 18m shares sold at $5.40 per share. The right to go ahead with the over-allotment was received due to successful offering of 180m shares. Now the company offers 198m shares (excluding the incidental selling of shares to the company’s personnel); the total profit from the operation comes to $1,069,200. The Global Depositary Receipts of Pipe Metallurgical Company quoted at London Stock Exchange were given the ticker tape

The Improvements Department of Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) looked at the results of its activity during the summer and fall 2006. Over six months, the employees of the department have surfaced 58,000 square meters of roads with asphaltic concrete pavement, renovated almost 3,000 square meters of sidewalks, and made some improvements in a few of the company’s remote shops. The bulk of the work was done it the oxygen-compressor shop, in the shaped casting shop, in No. 3 metallurgical equipment repair shop, and in the company’s central square, reports

A militia station in Yekaterinburg received a phone call at 9.20 PM yesterday about the bomb allegedly placed at the local railway station. In compliance with the existing rules, all passengers that happened to be there at that moment were evacuated and the overrunning train was placed on the first railway. The rescue team surveyed the area but found no explosives or suspicious-looking items either on the platforms or in the building. The railway started operating again at 10.30 PM. ‘There were no passengers on the premises during the surveying period,’ says Yulia Verkhovikh, PR Director of

The 51-day overhaul consisting in the replacement of the drum of the winder has been completed at Kazskiy subsidiary of Evrazruda (ore maker and part of Evraz Group). This overhaul is quite unique in that this is the first replacement of such a bulky obsolete item in the company’s history. The drum shaft weighs 34 tons, the main part weighs 70 tons, and the diameter of the drum is 5 meters. It was actually delivered on the premises of the company on three railway platforms. In the course of the overhaul, the company’s general contractor, NSK Novokuznetsk Ltd., applied the original yet simple

Around thirty retail outlets of EuroSet, the mobile phone trader, started dealing in selling and booking tickets for Ural Airline flights on November 1, 2006. Prior to this, buying a ticket in the mobile phone shop was only available to residents of little Ural towns (for instances, for people living in Polevskoy, Artemovskiy, Kackanar, Miass, Snezhinsk, etc.). The outlets of EuroSet in Yekaterinburg were selected based on the geographical criterion: the air carrier wanted its offices to be located in all of the city’s districts. The second criterion consisted in the long working hours of the

Izhorsk Works is going to hold an extraordinary general meeting on November 28, 2006. The maim item on the agenda is reelecting the Board of Directors. United Machine Building Works (which Izhorsk Works is part of) decided to elect two representatives of Federal Atomic Power Agency Members of the Board of Izhorsk Works. This will be done within the framework of the joint venture project with AtomEnergoMash. The reelection is also targeted at improving cooperation among all parties involved as well as at trying to obtain a state contract (according to the federal Nuclear Industry Development

The 1500/180 primary crusher delivered by OMZ Uralmash (part of United Machine Building Works) started operating at No. 3 crushing plant of Severniy Ore Mining and Processing Enterprise, the Ukraine. The crusher was made at Uralmashzavod based on the engineering project of OMZ Crushing and Reduction Equipment (both enterprises are part of OMZ Uralmash). Ukrainian Prime Minister Viktor Yanukovitch attended the launching ceremony that took place in mid-October. The introduction of No. 3 crushing plant at Severniy Ore Mining and Processing Enterprise (part of MetInvest Holding) has become the

According to the Central Bank of Russia, the volume of loans given by Mechel Bank to natural persons for a term of 91 to 180 days has gone down by 68.02% (from 37,137,000 RUR to 11,876,000 RUR) throughout January-September 2006.