17 March 2011, Thursday, 18:45

UGMK-Holding intends to allocate 31 billion rubles for development of mining-metallurgical branch in Bashkiria

author: Rasul Hamidullin

On Thursday, March 17, the President of Bashkiria Rustem Khamitov has held a business meeting with the leadership of the Ural mining-metallurgical company (UGMK-Holding). The protocol about cooperation was signed between Bashkiria and the Holding in the course of the meeting. The program, worked up till 2015 for the enterprises of the mining-metallurgical branch on the territory of Bashkiria, was introduced to the President RB. The program presumes the investments in the sum of 31 billion rubles for these enterprises.

“Development of this program allows us to raise the volumes of ore extraction from 7 million to 10,5 million tons annually” – the General Director of “UGMK-Holding” Andre Kozitsyn said – “And 1,4 billion rubles of this sum will be allocated for social needs”.