The governmental commission on support of priority investment projects in the Republic of Bashkortostan has approved provision of state support to a number of projects.

In particular, this is the project of Sibay Mining and Processing Works, a part of UGMK, to maintain capacities and reconstruct mine and dump waters cleaning facilities at Sibayskoye and Kamaganskoye deposits.

The former presupposes investments of 1.3 billion rubles. The project will be carried out in 2018-2025. Some 21 jobs will be created.

The latter will see investments on the level of 264.3 million rubles. The project will have been carried out by 2035. 23 jobs will be created.

The commission also decided to provide Sibay GOK with preferences on property tax. (Ukrainian metal)


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