UMMC liquidates Oryol Mining & Metallurgical Co.

UMMC liquidates Oryol Mining & Metallurgical Co.

The Urals Mining and Metallurgical Company (UMMC) said it has liquidated wholly owned subsidiary Oryol Mining and Metallurgical Company, which was set up in April 2005 to explore for noble metals and iron ore in Russia’s Oryol

region.

Company officials declined to comment on the reason for the liquidation.

Oryol MMC was set up under a strategic cooperation agreement that UMMC general director Andrei Kozitsyn signed with Oryol Governor Yegor Stroyev at the end of 2004.

Source: www.interfax.com

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