CGOK AND REORGANIZATION AND WILL SEVGOK DOPEMISSIJA

CGOK AND REORGANIZATION AND WILL SevGOK additional issue.

JSC Central Mining Complex (Central GOK) and JSC North Mining Plant (SevGOK both - Krivoy Rog, Dnepropetrovsk region) are going to the shareholders#39; meeting on September 12 to approve the results of the share subscription of additional issues. In addition, the agenda of the meeting shall be made on the issue of changes in the composition of the governing bodies of companies. Appropriate official announcement that published in the bulletin Securities.

Central GOK and Northern GOK also report on October 10 of this year, the extraordinary general meetings of shareholders, which is expected to consider the reorganization of separate structural divisions of the Company. 98.92% of the shares SevGOK and more than 99% CGOK controls company System Capital Management Rinat Akhmetov.

POLTAVA MINING SOCIETY `` IN JULY CUT PRODUCTION BY 1 9%

Poltava Mining Society `` IN JULY cut production by 1.9%

OJSC Poltava Ore Mining and Processing Plant (Poltava Mining, Komsomolsk, Poltava region) in July reduced the volume of production at constant prices by 1.9% (2.9 mln.) Compared to the previous month to 152.8 million . UAH. In June PGOK released products to 155.8 mln. Operational data obtained in UGMK.INFO of Yuzhinformatika.
According to data for the 7 months of 2005, Poltava GOK produced products to 1.11 billion USD.
As previously reported, in 2004 JSC Poltava GOK output amounted to 1.16 billion USD.
Mining and processing enterprises of Ukraine in July 2005 produced goods worth 947.5 bln., Which is 2.2% (21 mln.) Than in June (968.5 bln.). From the beginning, the enterprises produced goods to 6.96 billion USD. In 2004 the volume of production in Ukraine amounted to 6.5 billion USD.
01.09.05 09:18 | UGMK.INFO (Ukraine) | News for today are in the public domain. (From the archives available until 15 news last 7 days)

IN JULY IRON ORE IMPORTS IN UKRAINE HAS DECREASED BY 27 7%

IN JULY iron ore imports in Ukraine has decreased by 27.7%.

In July iron ore imports decreased by 27.7%, or 35.2 million tonnes compared with June to 91.97 million tons. This is stated in the data of the State Statistics Committee.
Costs for the purchase of iron ore in July fell by 50%, or 2.99 million to 2.99 million.
Imports of non-agglomerated ore decreased by 19.6% or 10.29 million tons to 42.19 million tons.
Agglomerated ore imports decreased by 33.4% or 24.91 million tons to 49.78 million tons.
Compared with July 2004 iron ore imports in July, down 29.5%, or 38.41 tons.
In January-July iron ore imports decreased by 12.3% or 223.18 million tonnes compared with January-July 2004 and amounted to 1,597.07 tons at 99.01 million.
As reported, in June iron ore imports decreased by 53.3% or 145.34 million tonnes compared with May to 127.17 thousand tons.
In 2004, iron ore imports fell by 62%, or 4,681.47 tons compared with 2003 and amounted to 2,874.73 tonnes on 126.96 million.

URAL RUSSIAN FEDERAL PROPERTY FUND SOLD ITS STAKE IN KACHKANARSKAYA GOK FOR 34 THOUSAND

URAL Russian Federal Property Fund sold its stake in Kachkanarskaya GOK FOR 34 THOUSAND. Rubles

Ural regional office of the federal property fund for 34 thousand rubles auctioned its stake in the ownership of Kachkanarsky Mining Vanadium. Told to RFBR for auction 437 ordinary shares of the GOK. The amount received for the package, only slightly higher than the starting price, which amounted to 33.54 rubles. Buyer shares Mining Ltd. acted as one of the.

The name of the buyer is not reported until the contract of sale. In this procedure allotted 10 days.
The authorized capital of the company consists of 381864252 shares of par value of 1 ruble. Kachkanarskij Mining Vanadium in the group Evraz .

EVRAZRUDY `FORMS THE ORGANIZATION FOR RECONSTRUCTION OF MINING COMPANIES

`` Evrazrudy FORMS FOR THE RECONSTRUCTION OF THE ORGANIZATION OF MINING COMPANIES

JSC Evrazruda (a division of Evraz) began to form a building company, which will be the general contractor for the reconstruction of the mining enterprises, located in the district of the Kemerovo region Tashtagolsky - On the eve reported in the press service of the holding.

Ltd. NovokuznetskRudStroy was registered at the end of last year in Tashtagol. The new company will start production in the second half of 2005.

In the near future it will be moved about 200 employees plot capital mining operations? 8 Mining Shor branch Evrazruda industrial construction and plant LLC Kuznetsk mine.

Before receiving their own licenses for general construction, blasting, surveying and other work, NovokuznetskRudStroy will work under the licenses Evrazrudy and Kuznetsk Mining, on the basis of the construction contract.

The main objects of capital construction for the new company will be the objects of in-mine Mining Shor branch (Sheregeshsky mine) and ventilation-kalorifernaya installation in the trunk Novokapitalny Tashtagolskiy mine.

Later, after the approval of the leadership group, Evraz investment and reconstruction projects Kazskogo Tashtagolskiy mines, as well as Mundybashskaya concentrator specialists of NovokuznetskRudStroy will take up work in these enterprises.

METALLOINVEST `NOT TO PARTICIPATE IN THE COMPETITION FOR THE PURCHASE OF SHARES` `KRIVOROZHSTALI

`` METALLOINVEST NOT TO PARTICIPATE IN THE COMPETITION FOR THE PURCHASE OF SHARES Krivorozhstali ``.

JSC Metalloinvest not involved in the purchase of shares in Steel Plant Kryvorizhstal. This statement was made CEO metalloinvesta Nazim Effendi.
Earlier, JSC Metalloinvest managed assets of businessman Alisher Usmanov (Mikhailovsky GOK, Kursk region, and LLC Ural Steel) announced that the company is considering the possibility of participating in a consortium to acquire Krivorozhstali. The proposal for the participation of JSC Metalloinvest in the competition came from the Ukrainian group Privat and several Ukrainian companies.
In addition, the State Property Fund of Ukraine (SPF) has entered into agreements with potential buyers Steel Plant Kryvorizhstal - the Russian Evrazholdingom and Severstal, an international company Mittal Steel and Ukrainian Privat-Intertrading. Results of the competition for the sale of 93% shares of Kryvorizhstal will be announced on October 24.

IN YANVAREIYULE NORTH MINING INCREASED PRODUCT OUTPUT VOLUME BY 14%

IN JANUARY-JULY NORTH Mining increased product output volume by 14%.

Northern Mining (SevGOK, Krivoy Rog, Dnepropetrovsk region.) In January-July this year increased the volume of commodity output by 14% compared to the same period last year - to 2288.6 mln. at constant prices.
According to a press release, in July production at constant prices increased by 22.8% compared to July 2004 - up to 337.7 mln.
SevGOK seven months increased production of iron ore by 15.1% - to 5876.6 thousand tons, pellets - by 13.1%, to 4452.6 thousand tons. In the July production of iron ore concentrate production increased by 15.5% compared to July 2004 - up to 606 thousand tons.
Stripping for January-July increased by 21.5% - to 11,795 million cubic meters. m, and the stripping ratio increased by 6.3% - to 0.89 .. Stripping in July 2005 increased by 19.5% - to 1821.2 thousand cubic meters. m compared with July last year, while the stripping ratio decreased by 2.2 to 0.89.
SevGOK in 2004 increased the production of pellets by 15.8% compared with 2003 - up to 6851.4 million tons of iron ore concentrate - by 16.6% to 8,812 million tonnes, with an iron content of the concentrate was 65, 3%.

VICTOR YUSHCHENKO CRITICIZED THE SITUATION OF `AROUND THE NIKOPOL FERROALLOY PLANT`

Victor Yushchenko criticized the situation of `Around the Nikopol Ferroalloy Plant`

Ukrainian President sharply criticized the situation around Nikopol Ferroalloy Plant and instructed the Cabinet of Ministers and the State Property Fund in a lawful line to put an end to this conflict. The Head of State stressed that around this strategic country for the interests of the two companies faced financial and industrial groups that were formed under the previous government, the press service of President Yushchenko.

IN THE FIRST HALF NET PROFIT THE KRIVOY ROG IRON ORE PLANT WAS 64 137 MILLION

In the first half net profit Krivoy Rog iron FACTORY MADE 64.137 MILLION. Mane.

January-June, Krivoy Rog iron ore plant (Krivoy Rog, Dnepropetrovsk region) finished with a net profit of 64.137 million hryvnia. This was stated by a representative of the plant.
According to his data, in January-June was KZHRK 495.988 million hryvnia net income.
As reported, the open joint stock company Krivoy Rog iron ore plant is the largest producer of commodity iron ore in Ukraine.
2004 KZHRK a net profit of 36.3 million hryvnia, net revenues increased by 47.35% or 225.878 million hryvnia compared with 2003 to 702.9 million hryvnia.
KZHRK shareholders at a meeting on August 23 approved the results of the subscription for additional shares, increasing the share capital by up to 1,250 million hryvnia 1,990.77 million hryvnia.

KAZAKHMYS' A 10-FOLD INCREASE IN THE PRODUCTION OF ZINC AND 2 TIMES GOLD

Kazakhmys `In` 10-fold increase in the production of zinc and 2 times - GOLD.

In the first eight months of 2005, the corporation Kazakhmys produced 34.4 million tonnes of zinc metal as against 3.2 million tonnes in the same period of last year and 2004 kg of gold bullion (no tolling) against 851 kg in January August 2004. Just increased production of silver granules (no tolling) from 352 to 428 tons, KZ-today reports referring to the press service of the corporation.
In January-August 2005 increased by almost all production figures Kazakhmys, except for the production of refined copper and copper rods (263.3 thousand tons and 6.5 tons respectively). As previously reported, the decline in the production of copper wire rod and due to the fact that the corporation has moved to mine low-grade ores. Ore production for the first eight months amounted to 26 million tons against 23.6 million tons in January-August 2004.
Of all the refined copper, set for export, 40% were shipped to China, all the rest - to Europe. All metallic zinc was shipped to China.
In the first eight months of 2005 the volume of commodity products produced by the corporation amounted to 140.3 billion tenge, which is 19.6% more than the same period last year.

THE PRICES FOR COAL AND IRON ORE FROM THE BOTTOM

The prices for coal and iron ore from the bottom

Prices for iron ore and coal, have reached record peaks last year amid a sharp increase in global demand to fall by 2006


Australia, the world#39;s largest coal exporter and one of the two largest exporters of iron ore plans to expand the network of railways and ports in the Gulf of Gladstone and Darlimpl. Traffic congestion delay the sale of mining companies such as BHP Billiton and Rio Tinto.

World prices for thermal coal used in power plants to produce electricity, rose after China cut its exports to meet their own needs. China#39;s steel industry, the largest in the world, helped dorozhaniyu iron ore buying most of the supply of raw materials to the needs of their plants.

Nick Hatch, an analyst at London-based Investec predicts a fall in the price of iron ore supply from next April by 10%. He previously predicted 5% decline. He expects that in 2006 the price from $ 50 down to 46.25 cents, according to Business Report.

RAŠNIKOV COMMENTED ON INTEREST OAO MMK `` TO THE BOWELS OF THE POLAR URALS

Rašnikov COMMENTED ON INTEREST OAO MMK `` to the bowels of the Polar Urals

Magnitogorsk Iron and Steel Works (MMK) is studying the feasibility of the Yamal-Nenets autonomous district of projects related to the extraction of iron ore and energy projects. This, along with being a deputy presidential envoy in the Urals Federal District Viktor Basargin Salekhard, said Chairman of the Board of Directors of MMC Victor Rašnikov. First of all, the plant is going to analyze the situation with the extraction of iron ore in the Polar Urals in the Yamal - said Rašnikov. - In addition, there are serious MMK plans to increase production in the next year. This will consume an additional 200 megawatts of electricity.

We know large supplies of low-pressure gas in Yamal and want to explore its potential for electricity production. According to him, while all of these projects are in the theoretical stage. But to the concept of real investor Yamal CMI should first calculate everything, to prepare the base, and then make a decision, - said Rašnikov.
In turn, the governor of Yamal Yuri Neelov noticed Autonomous Region has long been waiting for investors for the development of the Polar Urals. MMK - support the metallurgical industry of Russia. And our autonomous district is very interested to have a plant in their partners.

Today the leadership of the Magnitogorsk plant came in order to study the situation on the territory of Yamal. Maybe later we get down to more specific conversation, - said the head of the Yamal .
According to Viktor Basargin, potential investors in the development of Polar and Polar Urals are also most ferrous and non-ferrous metallurgy and petrochemical industry in Russia.
It was reported that the main purpose of the working visit in the Yamal-Nenets and Khanty-Mansi autonomous district deputy envoy Viktor Basargin is to discuss with the heads of Yamal and Ugra further work on the project Ural Industrial - Ural Polar. The decision on the development of the natural resources of the eastern slope of the Ural Mountains was approved at the meeting on socio-economic development of the Urals Federal District in May of this year in Chelyabinsk. At the end of the meeting, Russian President Vladimir Putin has approved a list of instructions to the Government of Russia, according to which the project will begin to build a new mineral resources in the Polar Urals industry and the Polar Urals.
On a trip to Victor Basargin on Yamal and Ugra participating leaders MMK OJSC Siberian Research and Analytical Center and Yamal Railway Company, which is developing a project to build a railroad along the eastern slope of the Ural Mountains.