Russia: UGMK to invest 54 billion rubles in Bashkortostan mine
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,…