UMMC forms ZAO Russian Copper to bid for Udokan deposit

摘要

Urals Minings Metallurgical Co (UMMC) has formed a new company, ZAO Russian Copper, in conjunction with Russian Railways and Russia's Bank for Development and Foreign Economic Affairs (Vnesheconombank) to bid for the Udokan copper deposit. The company was registered by the Urals branch of the federal service for financial markets located in Verkhnaya Pyshma, in the Sverdlovsk region of Russia, near UMMC's flagship copper plant Uralelektromed, said Russia's Daily Economic News.