Open pit personnel of Vysokogorsky Ore Mining and Processing Enterprise JSC (part of Evraz Group) have celebrated 50th anniversary of launching limestone extraction. During the grand meeting dedicated to the anniversary, the company’s managing director Vladimir Bobrov presented 20 members of the open pit staff with awards for their longstanding conscientious work. To date, the enterprise supplies with limestone two of Evraz Group members, namely, Metallurgical Industrial Complex of Nizhny Tagil and Vanadium Ore Mining and Processing Enterprise of Kachkanar. The consumers are completely

According to RosBusinessConsulting agency, CHELINDBANK JSC ranks 47th among the top-100 Russian banks in terms of branch development in 2006. The rating was compiled according to the following principles: RBC specialists extracted 100 banks with the biggest numbers of subsidiary offices, representative offices and cashier’s offices located outside front offices from the list of 200 biggest Russian banks as of July 1, 2006. To date, CHELINDBANK branch network includes 29 subsidiary offices located in Chelyabinsk Region and in Yekaterinburg, 2 representative offices in other regions of Russia,

Ural Airlines are getting ready to sign its first online interline agreement with Hahn Air Lines GmbH, the German carrier; this is part of the general project aimed at introducing e-ticketing practices in Yekaterinburg. The two parties are currently looking at all overlapping areas of their services; the next stage of negotiations will concern full automation of all their procedures. An interline agreement is particularly difficult to handle online due to legal technicalities that demand that all the areas of cooperation must be indicated in the agreement in detail, which is necessary to make

Evrazruda JSC (Russian ore maker and part of Evraz Group) summed up the results of a competition held in the third quarter of 2006 among the company’s departments and employees. Abakanskiy subsidiary, with its 100% completion of the plan and 104.9% completion of targeted labour productivity figures, was considered the best. Gurievskiy subsidiary became first among mines and plants (its employees fully complied with the plan and over-performed in terms of labour productivity (3.1% better than the target figures). The working teams of the two subsidiaries as well as those who won personal

The opening bid for 9,627 ordinary registered paperless shares of the company (property of Russian Federation) is 20,050,000 RUR. They are sold by Sverdlovsk Region subsidiary of Russian Federal Property Fund. The applicants are eligible to apply from October 19 to November 20, 2006. The auction will be held on November 24, 2006.

Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) is trying to improve its energy supply monitoring using an updated software version. This program was devised by the experts from the electric lab and those from the company’s IT center. The main idea behind this software is to provide full monitoring of energy consumption not only in terms of the company as a whole but also in terms of certain shops and areas in real time mode. A computer-aided control board allows for a prompt response in each case of over-spending in every shop and department. Thanks to the experts,

Vysokogorskiy Ore Mining and Processing Enterprise (part of Evraz Group) launches a long-term planning campaign among its managers. The plans must be targeted at cutting the company’s production costs. One project, proffered by the Head of Heat-and-Power Engineering Shop, involves changing the way the boilers operate, and this project has already proved to save quite a bit of money in terms of electricity bills. The managerial long-term planning practice was introduced in 2006 at the initiative of the Personnel Director. These plans are designed in order to stimulate initiative, production

Equipment located in the crushing shop of ore mining and processing enterprise of Kachkanar (Vanadium JSC, part of Evraz Group) undergoes scheduled repair. The company’s repair technicians have completed repairs and examination of four conveyor tracts and of receiving bunkers located in the small- and medium-scale crushing shops. This will be followed by the repair of the other sections of the shops. According to the plan, the crushing shop will have 16 kinds of its equipment repaired in October, without any interruption in the production process, reports the spokesperson for Evraz Group.

Metallurgical Works of Zlatoust summed up its success in September 2006. The company produced 49,696 tons of steel and 36,533 tons of rolled metal. The works shipped 36,092 tons of metal goods, the company’s spokesperson said to UrBC representative.

Magnesite Industrial Complex (part of Magnesite Group) is going to launch production of caustic magnesite in November 2006. This will make the company Russia’s first producer of the product, which has so far been only produced abroad (in China, Greece, and Spain). Magnesite Group has invested 245 million RUR in R&D, equipment restoration and upgrading and technological design. The annual output of caustic magnesite is expected at 90,000 tons. ‘Nowadays, these are mainly the large European enterprises involved in chemical, building, and agricultural industries that actually buy calcined

Zinc Plant of Chelyabinsk published a memo concerning the issuer’s intention to offer 70% of the upcoming initial public offering in GDR format at London Stock Exchange and offer 30% of the IPO at Russian Trading System, another bourse; the memo was published in Britain yesterday, reports Kommersant newspaper. According to the spokesperson for the plant, the company is planning to offer both the owners’ shares and the extra issue coming to 6.4% of the authorized capital; all shares were registered with the Federal Financial Market Service on October 12, 2006, when the issuer offered 325,173

Teyskiy subsidiary of Evrazruda (ore maker and part of Evraz Group) is fully prepared to launch the first stage of Izykhgoskoye deposit development, scheduled for early November. This first stage includes Yuzhniy mine and a number of roads, mains, a transformer substation, and a 36-km-long highway leading from the mine to the grinding and processing plant. The road will only be put into operation at the end of the year, but technical vehicles can already use it okay. After it receives four large Volvo dumpers, Teyskiy will start transporting ore from the deposit using this route. The

SverdlovEnergo, the regional power and electricity supplier, has begun the final stage of equipment checkups aimed at examining how well it is prepared for the winter, reports the company’s spokesperson. Fifteen substations of Talitsk Electrical Networks are being given scheduled repair, including the multi-faceted upgrading of Poklevskaya 110/10 kilowatt substation; four 110/10 kilowatt power transformers have also been fixed. The whole project has required 27.8m RUR of investments over the last nine months. Starting October 23, Talitsk Electrical Networks will also be examined by an ad hoc

Abagurskiy subsidiary of Evrazruda (Russian ore maker and part of Evraz Group) has introduced raw ore concentrate prophylaxis in the conditions of severe Siberian winters. This consists in using a facility fit for spraying the iron-ore raw stuffs with some special frost-preventing substance perfect when the temperature outside is below 40 degrees centigrade. The agent they will use is Universin –C antiicer; it takes between 2 and 4 kilos of fluid to protect one ton of concentrate, depending on the weather conditions. This new technology will allow the enterprise to ship the required amount of

A crime connected with the stealing of non-ferrous metals occurred on the premises of a substation belonging to Troitsk Electrical Networks (part of ChelyabEnergo). As the company’s spokesperson said to UrBC representative, the unknown offenders burgled into the substation located in the village of Stepnoye in the dead of night; they jettisoned the fuel in the transformer and stolen it as it had impressive non-ferrous metal content. The damage (not considering the restoration work to be done) is assessed as coming to 58,000 RUR. The technicians of ChelyabEnergo reported the transformer stolen

An outlet of OBI, the German seller of building materials, finishing stuffs, and gardening equipment and stuffs, has introduced its first store in Yekaterinburg. The company’s annual output is estimated at ?6.5bn; there used to be four stores in Russia altogether, and another six outlets will have been set up before the end of the year. The annual turnover of Sverdlovsk Region amounts to almost 500bn RUR, reports the spokesperson for the Governor.

Pipe Metallurgical Company determined the price range for the upcoming initial public offering of its ordinary shares and Global Depositary Receipts today. The enterprise is planning to offer the GDRs at London Stock Exchange and to offer the ordinary shares at Russian Trading System, another bourse. These shares will be offered by the company’s shareholder TMK Steel Limited. The prices range from $4.60 to $5.40 per ordinary share and from $18.40 to $21.60 per GDR, each GDR representing four shares. This price range is in compliance with the enterprise’s market capitalization of $4-$4.7bn The

A circulating degasifying facility is going to be installed in the converter shop of Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group). The machine is almost ready to start operating, with the company’s technicians finishing the assembling of the main blocks and the power supplying system. The equipment was supplied by SMS Mevag of Germany as a few departments of this machine building concern have already taken part in a number of investment project carried out by the Complex. ‘The facility is meant for removing harmful gases obtained in the process of heat from the

Sverdlovsk Region Power Committee approved of IES Multiutilities Ltd. as Guaranteeing supplier within the region, reports the spokesperson for the company. The decision was taken at yesterday’s meeting, when six more companies were able to prove this status. The Committee will come up with the final decisions as to the distribution of powers of the suppliers on October 24, 2006.

Bodo Schäfer, money coach, businessperson and author, arrived in Yekaterinburg. He is globally known as financial Mozart, with his books (Money, or the ABC of finances, The Path to Financial Independence, and Money Does Women Good) as well as his seminar scripts enjoying popularity all over the world, including Russia. A lot of people have used them as financial and time-management textbooks. This entrepreneur is going to conduct a public seminar on October 18, 2006 and a workshop for the businesspersons of Ural Federal District, aimed at giving them some practical tips and tools for