OAO Magnitogorsk Iron & Steel Works (MMK) and OOO Hatch Engineering & Consulting (Canada-based Hatch’s Russian branch) signed an exploratory design agreement that is intended to provide MMK with the best scheme for the development of Prioskolskoye iron ore deposit. Under this agreement, OOO Hatch Engineering & Consulting must design and transfer to MMK, the customer, the final report on their research findings. Hatch Engineering & Consulting is to do some comparative analysis in order to decide on the most efficient way to develop the deposit; their proposed method should