Press Room

Metalloinvest announces interim results of its social partnership programme with the Kursk region

20 September 2018

Andrey Varichev, CEO of Management Company Metalloinvest, and Alexander Mikhaylov, Governor of the Kursk region, have discussed the results of the implementation of the 2018 programme of events as part of the socio-economic partnership between Metalloinvest and the administrations of the Kursk region and Zheleznogorsk.

The programme is signed annually and outlines specific areas of social investments, allocated by the relevant parties for the development of Zheleznogorsk and the Kursk region. As part of the partnership, the parties have allocated 6.2 bn roubles for the socio-economic development of the region between 2011 and 2017, with Metalloinvest investing 3.8 bn roubles during this period. Total investment into the programme in 2018 is expected to reach 1.6 bn roubles, while Metalloinvest is expected to invest around 870 mn roubles.

The annual programme is designed taking into consideration the region’s current challenges in healthcare, education, culture and sports, as well as the development of town infrastructure and the social support of residents. During the meeting, it was highlighted that, as part of the programme, the Company supports educational institutions in Zheleznogorsk including schools, kindergartens, and mining and polytechnic colleges. Funds were allocated for the renovation of the Neptune and Albatross swimming pools. Reconstruction works are taking place in micro-districts of the town, with the installation of sports and children’s play grounds and renovation of the town park underway.

The implementation of corporate programmes is ongoing and the ‘Let’s Do It Together!’, ‘Healthy Child”, ‘Our Future’ and ‘Our Champions’ grant competitions are aimed at the development of territories where the Company operates. Metalloinvest is the general partner of Dinamo Kursk, the women’s basketball club.

The reconstruction of town roads, the support of teachers and talented children and the provision of local aid to people who experience challenging life situations takes place on an annual basis with the support of Metalloinvest.

Andrey Varichev, CEO of Management Company Metalloinvest, commented: “Metalloinvest has underlined that the development of towns where our enterprises have operations and improving the quality of people’s lives are our key priorities. The efficiency of our partnership with the region is evident through the commissioning of tangible projects, and the implementation of socially-oriented programmes. We know very well that the prosperity of Zheleznogorsk and the whole region relies on Mikhailovsky GOK. The plant is the driver of industrial potential in the region and we treat this role with pride and respect.”

Alexander Mikhaylov, Governor of the Kursk region, added: “Metalloinvest is one of the key strategic partners in the region. The agreement between the region and the Company enables us to make the lives of Zheleznogorsk residents and all residents of the region better, prosperous and interesting.”

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