Airbus 350 belonging to S7/Siberia Airlines JSC had to perform emergency landing in Irkutsk at 7 AM Moscow time today. The aircraft was on flight 778 from Moscow to Irkutsk. Suspected aircraft decompression is reported to have become the possible cause of the accident. There were 170 passengers aboard the plane. ‘There are no casualties, and the incident is not being investigated at the moment,’ PR Director of Russian Federation Department of Transportation Timur Hikmatov said to UrBC representative.

Within a period of two and half years, Russian Copper Company has already invested over $120m in multi-layered upgrading of Karabashmed of Chelyabinsk Region, where Russian Copper Company is the controlling shareholder. This resulted in Karabashmed becoming a modern, efficient, and environmentally safe enterprise. According to the spokesperson for Russian Copper Company, the first stage of modernization included restoration of metallurgical production at the half-ruined site. The second stage consisted in putting up some recycling facilities in order to deal with the disastrous environmental

The shareholders of UralAutoPritsep decided to use the company’s profit made in 2005 to make up for the previous losses. This decision was made in the course of the annual general meeting that took place in Moscow on June 23, 2006. The meeting was attended by the shareholders and their authorized representatives who possessed the total of 2,407,567 votes, or 65.8% of the company’s voting stock. The shareholders approved of the company’s annual report, the accounting report, including the P&L statement, and agreed to the recommendation made by the Board of Directors (the Board suggested

Due to lack of profit, the shareholders of Chelyabinsk Airport JSC decided to pass dividend for 2005 in the course of the annual general meeting on June 21, 2006. The meeting was attended by shareholders possessing 82.1113% of votes. The shareholders approved of the company’s annual report, the accounting report, including the P&L statement, and decided not to distribute the non-existent profit and to declare a zero dividend. The participants of the meeting elected the Members of the Board: Vera Evsyukova, Alexander Merten, Viktor Mironenko, Sergey Solntsev, Alexei Savchenkov, Alexander

Deputy General Director and Technical Director of RosEnergoAtom Nikolai Sorokin visited Beloyarskaya nuclear power station on July 11, 2006 in order to hold a meeting with the station management. Mr Sorokin examined the constriction site of the new BN-800 feeding unit as well as the currently operating BN-600, reports the spokesperson for the station. The meeting was devoted to the current state of the units, the construction process, and the possible solutions to the following problems: safe storage of spend fuel from units 1 and 2 in the cooling ponds, extending the estimated life of BN-600

The shareholders of Electrometallurgical Industrial Complex of Chelyabinsk JSC will receive no dividend for 2005; such was the decision made at the company’s annual general meeting on June 29, 2006. The attendees also approved of the company’s annual report for 2005 and of the accounting report, including the profit and loss statement. They agreed to pass a dividend for 2005 as well. The shareholders elected seven Members of the Board (Yuriy Antipov, Vladimir Karnoukhov, Igor Katsina, Alexander Kretov, Pavel Khodorovskiy, Alexander Sheikin, Sergey Varlamov), and the inspection committee.

‘Since the company has no license at the moment, Sredneuralskiy Winery Ltd. (part of AVS-Group) has to hold up production for the time being. This lack of license is also the reason why we still have not been able to obtain the second batch of excise duty stamps. We have already received the first batch okay, but receiving the second one appears to be more difficult,’ the company’s employee Olga Cherepanova said to UrBC representative. ‘Whether the winery is going to bottle Moldavian wine remains to be seen. All I can say is, we are definitely going to bottle different kinds of port,’ Ms

The net profit of Metallurgical Industrial Complex of Magnitogorsk JSC has come to 15.525 billion RUR in the first six months of 2006, which is 10.8% less than in January to June 2005 (17.410 billion), says the company’s report. The complex has made 72.3bn RUR within the given period, with the prime cost going up by 2.9% (from 49.654bn to 51.110bn); the company’s pre-tax profit has gone down from 23.122bn to 20.600bn RUR.

Ural Airlines JSC won the tender coming from Personnel Training and Retraining Department of Government of Yakutia/Sakha; the winning carrier will service the students studying in colleges and universities of Ural Federal District. There were five applicants altogether, one of them being Yakutia Airlines. Given Yakutia’s geographical position (this part of Russia is quite distanced from major educational and scientific facilities), the Government of the republic puts a lot of effort into holding and supervising the annual campaigns aimed at giving their students a chance to get a degree in

Three new magnetic filters have recently been installed at the processing shop of Vanadium Ore Mining and Processing Enterprise of Kachkanar (part of Evraz Group), which is part of the complex renovation program. The enterprise bought 15 new magnetic filters made by Rudgormash of Voronezh at the beginning of March. In April, the company’s technicians from the repair center installed the first seven filters in the magnetic separation area. This renovation is targeted at increasing the efficiency of ore processing technologies, namely, at making the process less expensive. The upgrading should

The management of Vanadium Ore Mining and Processing Enterprise of Kachkanar JSC (part of Evraz Group) decided to set up a new department that would deal in designing a long-term development strategy for the company. The experts from this department are expected to both thoroughly calculate the potentially fruitful projects and adapt the existing technological advances to the specific conditions of the company’s production process, reports the spokesperson for Evraz Group.

The shareholders of Electrometallurgical Industrial Complex of Chelyabinsk decided to reorganize the company by merging with Manganese Komi JSC of Inta, Komi, and Vladprom and Co. CJSC of Vladivostok. The corresponding agreement was approved of at the AGM by 631,505,117 votes, or 99.996% of the company’s voting stock. 945 votes, or .00015% of the voting stock, voted against the decision. The shares of Electrometallurgical Industrial Complex of Chelyabinsk in the authorized capitals of both companies now come to 100% (compared to the previous 20%); these changes were registered on April 7,

Ferroalloys Works of Kluychevsk, a joint-stock company, produced 808,615 tons of goods in January to June 2006. The ferrochrome output came to 2,509 tons (including the 864 tons to be exported). The output of ferrotitanium went up to 2,620 tons, and the output of metallochrome decreased by 18% and now stands at 2,979 tons. The company has already made 61.669 million RUR of profit in the first six months of 2006, the spokesperson for Ferroalloys Works of Kluychevsk and Russian Chrome 1915 said to UrBC representative.

The shareholders of UralAutoPritsep decided to use the company’s profit made in 2005 to make up for the previous losses. This decision was made in the course of the annual general meeting that took place in Moscow on June 23, 2006. The meeting was attended by the shareholders and their authorized representatives who possessed 2,407,567 votes, or 85.8% of the company’s voting stock. The shareholders approved of the company’s annual report, the accounting report, including the P&L statement, and agreed to the recommendation made by the Board of Directors (the Board suggested using the

Experts of NSK-Novokuznetsk Ltd. and technicians from the processing shop of Abagurskiy sintering plant (subsidiary of Evrazruda JSC, an ore maker and part of Evraz Group) started the 25-day overhaul of their No. 3 ore-handling bridge, which should include renovation of the hardware, reports the spokesperson for Evraz Group. The cracks in the bearing structures are to be given additional welding, and the structures themselves will be fortified, with the weak screws replaced by some high-strength ones. The overhaul also provides for a full examination of the parts with replacement of the

The shareholders of Magnitostroy JSC agreed to pass a dividend for 2005; the decision was made at the annual general meeting on June 30, 2006. The meeting was attended by 731 shareholders possessing 284,936 votes, or 86.2% of the company’s voting stock. The shareholders approved of the company’s annual report, the accounting report, including the P&L statement, and agreed to the recommendation made by the Board of Directors concerning the profit and loss distribution; thus, they decided to pass the ordinary share dividend. The participants of the meeting elected nine Members of the Board:

According to the Central Bank of Russia, UralTransBank JSC has given 29% less money in the form of credits to nongovernmental commercial organizations for a term of 31 to 90 days in the first six months of 2006: the total sum has gone down from 259.966 million RUR to 184.669 million. As has previously been reported, the volume of loans given by the bank to nongovernmental commercial organizations for a term of 31 to 90 days went down by 17% (from 259.966 million to 215.919 million RUR) in January to May 2006.

Former Administrative Director of Yekaterinburg subsidiary of Alpha Bank JSC Oleg Nuyanzin was appointed CEO, reports the spokesperson for Alpha Bank. Mr Nuyanzin will now have to deal with both administrative and managerial issues. He has been working for the bank since 1992 as the Chief Accountant, Member of the Board, Deputy Chairman of Alpha Bank Ukraine, Deputy CEO of Alpha Bank in Saint Petersburg, and CEO of Alpha Bank in Novosibirsk.

Uraltrac Ltd. has produced 2,638,300,000 worth of goods since the beginning of 2006. The plant has also produced 814 engineer vehicles worth 1,513,014,000 RUR, including 125 tractors, 46 pipelayers, and 627 ripper-dozer units. Throughout January to June 2006, the plant has shipped 3,043,220,000 RUR worth of goods and sold 823 engineer vehicles worth 1,772,568,000 RUR, including 759 tractors and T-10-based units and 38 ripper-dozers, the company’s spokesperson said to UrBC representative.

Excavator Plant of Zlatoust Ltd. assessed its success in six months of 2006. Throughout January to June 2006, the plant has produced 193 items of equipment. According to the spokesperson for the company’s Marketing Department, they have also managed to start mass production of some new kinds of housing services equipment, loader-diggers, and excavators.