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

Chelyabinsk power generating company JSC is going to hold AGM via absentee voting on July 24, 2006. The only point on the agenda is the one of reorganizing the company by merging with Tyumen Regional Generating Company JSC (alongside with TGK-10), with the following approval of the corresponding agreement and of the deed of assignment. The list of shareholders allowed to take part in the decision-making process was complied according to their status as of June 8, 2006. According to the company’s spokesperson, this extraordinary meeting is one of the steps taken to set up a united enterprise

First Deputy Head of Sverdlovsk Region Government and Minister for Industry, Power Engineering and Science Vladimir Molchanov met Vice President of DUFERCO S.A. Antonio Gozzi to discuss the possible projects the Italian holding could work on in Sverdlovsk region. The meeting was also attended by Pierre Paolo Greco (representative of Governor of Liguria), Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov, and Director of Governor of Sverdlovsk Region Investment Support Fund Vladislav Klabukov. Mr Molchanov suggested investing into the power

In the first six months of 2006, Asha Metallurgical Works JSC has already produced 3,313,544,000 RUR worth of goods, which exceeds the figures for the period of January to June 2005 by 5.1%. The company produced 316,482 tons of steel (an increase of 2.7% compared to a year earlier) and 234,632 tons of rolled metal (an increase of 7.2%). The plant has produced 31,013.36 kilograms of amorphous tape and 729,100 magnetic conductors throughout January to June 2006, the company’s spokesperson said to UrBC representative.

Yestyuninskaya mine of Vysokogorskiy ore mining and processing enterprise (part of Evraz Group) has recently assessed the productivity of the additional oil containment device installed at the water outfall: the device has already managed to reduce the oil content in the wastewater by 23%. The system was installed in the fall of 2005 and is made up of a coke-filled iron box; due to its sponginess, the coke can absorb the oil. Using this device provides for higher quality decontamination of mine water; its effectiveness is normally assessed by means of taking and comparing two samples of

Uraltrac Ltd. produced 475,480,000 worth of goods in June 2006, which is 4.9% less than had been planned. The plant also produced 154 engineer vehicles worth 281,820,000 RUR, including 28 tractors, 13 pipelayers (which is 30% more than had been planned), and 113 ripper-dozer units (9.6% less than had been planned). The plant shipped 605,890,000 RUR worth of goods (which means a 94.8% achievement of the plan) and sold 164 engineer vehicles worth 369,824,000 RUR, including 148 tractors and T-10-based units and 10 ripper-dozers, the company’s spokesperson said to UrBC representative.

First Deputy Head of Sverdlovsk Region Government and Minister for Industry, Power Engineering and Science Vladimir Molchanov and Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov negotiated with a group of Japanese executives from Daiwa Securities Group Inc., Japan Tobacco Inc., Japan Airlines International Co., Ltd., Nyk Logistics & Megacarrier, Yanmar Co., Ltd., Teijin Limited, Toppan Travel Service Corp., and Inpex Corporation. The meeting was devoted to setting priorities in the prospective cooperation of the companies with the

Vysokogorskiy Ore Mining and Processing Enterprise JSC (part of Evraz Group) has recently celebrated its 285th anniversary. The event was attended by the representatives of Sverdlovsk Region Government and the municipal authorities of Nizhniy Tagil, reports the spokesperson for Evraz Group.

SUAL Group, one of the world’s top ten aluminum producers, is to be given a syndicated loan of $600m by BNP Paribas and Citigroup, reports the company’s spokesperson. The money will be used for refunding the credit payment debts (SUAL got a $425-million syndicated loan in June 2005) as well as for financing the company’s trading capital and other corporate needs. The credit conditions are in cull compliance with the flexible borrowing system adopted by SUAL Group, which means that the loan is given for a term of five years, with amortization after a two-year grace period and the annual

According to the Central Bank of Russia, the amount of investments drawn to non-resident natural person accounts in Uraltransbank for a term of 1 to 3 years has gone down by 44% (from 5.158 million RUR to 2.911 million) throughout May to June 2006.

The indebtedness of companies dealing in housing services to SverdlovskEnergoSbyt JSC, the regional energy supplier, has doubled throughout January to June 2006 and reached the point of some 270m RUR. Companies are increasingly trying to become dissolved and then set up some new legal entities and ignore the enormously huge debts rather than pay them. Thus, the municipal unitary enterprise of Tavdinskiy district has recently announced its demise, notwithstanding the seven-million-ruble debt to SverdlovskEnergoSbyt. The question of who is going to pay the supplier is still pending, reports the

Ural Airlines JSC introduced the new service of online booking and home delivery on July 6, 2006. The service is rendered to customers who used the company’s website to book and pay for the plane tickets – this is something new is addition to the already available booking and office delivery. If the company’s clients find it convenient to book online and pay right away, they will be offered a 25% discount from the fare construction unit. One can pay for the tickets using Visa Int., MasterCard Int., and other cards, or using an e-purse, for example, WebMoney, E-port, and Credit Pilot. This new

First Deputy Head of Sverdlovsk Region Government and Minister for Industry, Power Engineering and Science Vladimir Molchanov met Vice President of DUFERCO S.A. Antonio Gozzi to discuss the possible projects the Italian holding could work on in Sverdlovsk region. The meeting was also attended by Pierre Paolo Greco (representative of Governor of Liguria), Minister for International and Foreign Economic Relations of Sverdlovsk Region Viktor Koksharov, and Director of Governor of Sverdlovsk Region Investment Support Fund Vladislav Klabukov. Mr Molchanov suggested investing into the power

Yestyuninskaya mine of Vysokogorskiy ore mining and processing enterprise (part of Evraz Group) has recently assessed the productivity of the additional oil containment device installed at the water outfall: the device has already managed to reduce the oil content in the wastewater by 23%. The system was installed in the fall of 2005 and is made up of a coke-filled iron box; due to its sponginess, the coke can absorb the oil. Using this device provides for higher quality decontamination of mine water; its effectiveness is normally assessed by means of taking and comparing two samples of

Last Monday, the Board of Directors of Zinc Plant of Chelyabinsk JSC decided to hold an extraordinary shareholder meeting on August 18, 2006. The attendees will have to approve of a number of newly edited papers (the company’s Charter and Provisions on the general meeting, the Board of Directors, the management, the General Director, and the Corporate Culture Code. The shareholders will also have to determine the amount, the face value, and the type of shares and the rights they entitle the holders to. The list of attendees is complied according to the shareholder status as of July 3, 2007.

Asha Metallurgical Works held the annual general meeting that was attended by 28 shareholders and their authorized representatives holding the total of 195, 906, 304 votes (78.61% of the total number of votes). The participants of the meeting approved of the annual report and the annual accounting report, including the P&L statement, and agreed on profit distribution, including the dividend payments for 2005. They also elected eight Board Members: GD Vladimir Evstratov, Commercial Issues Director Vladimir Kozhevnikov, Head of Transport Shop Alexander Bolschikov, Head of Plate Rolling Shop

Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group_ has recently completed renovation of its ball-rolling shop. The company’s technicians replaced the new gate devices at the furnaces used for heating ingots, which should ensure a more economical functioning of the furnaces as well as upgrade the heating system; they also replaced the twenty-two obsolete devices used for recycling the exhaust gas heat with a modern recuperator, which improved the environmental characteristics of ball-rolling production. Finally, the technicians assembled the new motor and reductor. The

Sixteen Sverdlovsk Region enterprises are on the verge of bankruptcy at the moment, and four companies have had to introduce external management (Plant of Engineering Tools JSC of Alapaevsk, Plant of Plumbing Fitments JSC of Pervouralsk, Fine Mechanics Plant Federal Unitary Enterprise, and ResinoTekhnika JSC). Bankruptcy proceedings were introduced at Machine-building Works JSC of Artemovsk, Saraninsk Works JSC, Electromechanical Works JSC of Baranchinsk, Bearing Plant # 6 Ltd., Mechanical Works of Tavda, Transport Equipment Works JSC of Kushva, Yekaterinburgmashpribor JSC, Sverdmashpribor

Metallurgical Industrial Complex of Magnitogorsk JSC backed out of the initial decision to go for a public offer of a 2% ordinary share holding. The investment company that possesses a 21% share holding of the Complex has officially declared this change of plans at Moscow Interbank Currency Exchange (MICEX). Thus MICEX decided to stop dealing in their shares. According to FinMarket Information Agency, the opening bid came to $.7 per share. The company’s authorized capital is estimated to reach the point of 10.63bn RUR, and 10,630,221,600 ordinary shares with face value 1 RUR each had been

Russian Federal Property Fund in Chelyabinsk Region announced the results of the auction aimed at selling the shares of TRUST Insurance Company JSC. A.I. Sukhikh bought the shares, with the total amount of shares put up to auction coming to 20 ordinary shares, state serial number №1-01-52028-Z. The opening bid for the holding came to 14,393 RUR, the closing bid to 30,000 RUR. The auction took place on June 21, 2006.