Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of August 31, 2006 No. 8037

About formation of joint-stock company "Turkmendemir

For the purpose of realization of the tasks on development of metal industry set by the National program "The Strategy of Economic, Political and Cultural Development of Turkmenistan for the Period till 2020", and rational use of scrap and waste of ferrous and non-ferrous metals I decide:

1. Form Turkmendemir joint-stock company as a part of the following founders - the Cabinet of Ministers of Turkmenistan and the Ministry of Energy and Industry of Turkmenistan the operator on management of Turkmendemir joint-stock company.

2. To the Ministry of Energy and Industry of Turkmenistan to transfer in accordance with the established procedure to the jurisdiction of Turkmendemir joint-stock company steel works under construction in the town to zadandepa and Turkmendemirchigmal production association.

3. To public service on foreign investments in case of the President of Turkmenistan in accordance with the established procedure to register Turkmendemir joint-stock company.

4. Permit Turkmendemir joint-stock company:

a) open the currency account in the Central bank of Turkmenistan;

b) conduct collection, procurement and procurement of scrap and waste of ferrous and non-ferrous metals;

c) in coordination with the Ministry of Energy and Industry of Turkmenistan to approve purchase prices on scrap and waste of ferrous and non-ferrous metals;

d) realize the made steel products:

to residents of Turkmenistan on contract prices for manats;

to the foreign companies which are carrying out works in the territory of Turkmenistan for foreign currency;

for export through the State commodity and raw exchange of Turkmenistan.

5. Hyakimlikam, to the ministries and departments to organize conducting permanent accounting of amounts of scrap and waste of the ferrous and non-ferrous metals which are formed at their jurisdictional enterprises and also to exercise strict control of their timely delivery to Turkmendemir joint-stock company.

Determine that delivery of scrap and waste of ferrous metals by jurisdictional enterprises of hyakimlik, the ministries and departments to Turkmendemir joint-stock company is made on paid or basis to be provided with further calculation with finished goods.

6. Permit the population, entrepreneurs of Turkmenistan without formation of legal entity, to legal entities of the non-state sector of Turkmenistan, and also the foreign companies performing works in the territory of Turkmenistan, to perform delivery to their joint-stock company "Turkmendemir" in the presence of the relevant documents on origin of scrap and waste of ferrous metals.

7. To provide to Central Bank of Turkmenistan first-priority converting of manatny means of Turkmendemir joint-stock company for equipment procurement, the spare parts, raw materials, materials and mechanisms necessary for stable functioning of the companies which are part of Turkmendemir joint-stock company.

8. Forbid realization for export of scrap and waste of ferrous and non-ferrous metals.

9. Recognize invalid:

the order of the President of Turkmenistan from 24 Baydak 2000 No. 2121;

the resolution of the President of Turkmenistan from 24 Magtymgula 2002 No. 5722 "About use of scrap and waste of ferrous and non-ferrous metals in the territory of Turkmenistan" (Collection of acts of the President of Turkmenistan and decisions of the Government of Turkmenistan, 2002, No. 5, the Art. 276);

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