UrBC, Yekaterinburg, February 17, 2011. ‘The creation of Titanium Valley, a special economic zone, is a new development direction for Sverdlovsk Region. In fact, with a clever approach the Valley can serve as a great starting point for the development of the hosting area,’ President of Sverdlovsk Region Union of Industrialists and Entrepreneurs Dmitri Pumpyansky observed in the course of the union meeting. ‘It is however obvious that Titanium Valley gets no actual residents just yet: the conditions aren’t ripe enough, the infrastructure isn’t ready, the financing is still a dubious matter.

ZAO Russian Copper Company was notified by its shareholder Russian Copper Company Ltd. (RCC), that the latter had sold a 20% shareholding in Russian Copper Company Ltd to a Russian businessman Ruslan Baisarov. Baisarov will now become a member of the company’s BOD. ZAO Russian Copper Company was set up by Igor Altushkin in 2004. The group’s trading house manages the RCC Holding’s assets; it is now Russia’s third largest manufacturer of pure copper. Its production capacity comes to 200,000 tons of copper cathodes and 190,000 tons of copper wire rods a year. The company relies on its own raw