Ru En

Acron Group’s Subsidiary Transfers RUB 94 Million to Apatity Administration under Social and Economic Partnership Agreement

Mining Company Partomchorr (an Acron Group company) transferred RUB 94 million to Apatity for social and public infrastructure improvements and maintenance, under the agreement on social and economic partnership, collaboration and cooperation.

Apatity plans to spend approximately RUB 18 million on improving financial and technical support of its educational institutions and developing design documentation to overhaul the library named after Larisa Gladina.

Other plans include constructing a sports and recreational centre and repairing the Olimp Sports School, purchasing modern equipment for various sports facilities, as well as purchasing and installing an outdoor workout station in Dzerzhinsky Street, in order to increase the number of the city’s sports facilities and promote healthy lifestyles. These investments will cost RUB 54 million.

Additionally, the city will spend RUB 14.4 million on road improvements to meet safety requirements.

Some funds allocated under the 2018 social and economic partnership agreement were used to upgrade streetlights in several districts of the city. RUB 7.8 million were transferred to continue these upgrades planned for 2019.

Partomchorr Mining Company is developing the Partomchorr deposit in Murmansk region under the subsoil licence, which was initially obtained by North-Western Phosphorous Company (a member of Acron Group) in 2006, and transferred to Partomchorr Mining Company in 2016.