Metals and Mining

A group of shareholders of Energomashspetsstal [ENMA UZ, N/R] is disputing in court the results of a UAH 60.7 mln share capital increase that took place in March 2008.

Dnipropetrovsk Tube Works [DTRZ UZ, SELL] reduced its pipes output 21% YoY to 73.2 thsd metric tons and produced 18.1 thsd metric tons in May 2008.

Krasnoarmiyska-Zahidna #1 Coal Mine [SHCHZ UZ, N/R] increased its coal output 2% to 2.54 mln metric tons and obtained 0.5 mln metric tons of coal in May 2008.

On June 19, Zaporizhstal [ZPST UZ, Strong BUY] reported in an official press release on two details of the June 06 AGM.

Avdiivka Coke [AVDK UZ, Strong BUY] conducted this year’s AGM on June 19.

Dnipropetrovsk Comintern Steel Works [DMZK UZ, BUY] increased its pipe output 36.7% YoY to 97.5 thsd metric tons and produced 20.4 thsd tons in 5M2008.

On June 17, Azovstal [AZST UZ, BUY] reported in a Metinvest Holding press release that it has tested a brand new vacuum vessel.

ArcelorMittal Kryvyy Rih [KSTL UZ, HOLD] surprised yet again, having declared UAH 1.5 (USD 0.31) per share dividends at its June 12 AGM. The ex-dividends date was the day of the meeting, June 12. Natural persons have until September 01, 2008, and legal persons - until December 29, 2008 to apply for dividends.

On June 11, Azovstal [AZST UZ, BUY] reported in an official press release that it has produced first slabs at its brand new concaster No 6. The 2.5 mln mt Danieli machine has entered a testing stage, and its launch will increase Azovstal’s continuous slab casting capacity to 6.5 mln mt.

On June 10, Zaporizhstal [ZPST UZ, Strong BUY] submitted an official filing with the regulators disclosing a significant shareholder structure change. Namely, on June 06, Kyiv Securities Group LLC increased its stake by 10.76% to 19.62%.