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April 20, 2010
Ozerny GOK and Nazarovskoe deposit will come under direct control

At the beginning of April the Federal Antimonopoly Service of the Russian Federation (FAS) approved an application of the MBC Corporation on acquisition of the rights to be the sole executive body of the Ozerny Mining and Processing Plant JSC and on acquisition of the rights allowing to exercise the functions of the sole executive body of Nazarovskoe LLC.

FAS decision furthers this year finalization stage of METROPOL Group of Companies investment projects ownership structure and project management optimization that enables to improve efficiency of material and financial resources use and is to facilitate the process of decision making and realization in the Group mining companies – Ozerny GOK JSC and Nazarovskoe LLC.

Ozernoe and Nazarovskoe deposits are located in Yeravninsky district of the Republic of Buryatia. The deposits of ore will become a feedstock of constructing Ozerny Mining and Processing Plant with 740 kta of Zn and 110 kta of Pb concentrate output. The total gold resource potential of two deposits is about 40 t.

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