Magnitogorsk Iron & Steel Works (MMK) was declared to have won the auction where the highest bidder was granted the right to use the subsoil resources of Kulmyakovsky iron ore deposit in Chelyabinsk Region for geological survey, exploration, and iron ore production, MMK reports. The deposit is located within forty km to the north of Techenskoye deposit. The ores contained in the deposit are scarnified-magnetitic ones varying from poor (26%) to rich (64%) kinds, available from the surface down to 450 m below the ground and identical in type to the ore of Sosnovsky deposit located in the