Ural Mining-Metallurgical Company intends in 7 years to construct and put into operation a mine in the Republic of Bashkortostan.
Investments in the Podolsky mine will reach 54 billion rubles.
According to UGMK CEO Andrei Kozitsyn, a financing agreement has been signed with Sberbank.
The funds will be invested in the construction of the infrastructure, both under and above ground.
The first stage of the copper-zinc mine is expected to be commissioned in 2026. The enterprise will create 400 jobs. (Ukrainian metal)