Economy
Chelyabinsk Oblast has considerable subsurface gold reserves, which are concentrated in ore and placer deposits. The gold deposits are associated with both basement rock and fluvial deposits. Probable reserves are estimated at 500 tons of ore gold and 40 tons of placer gold. The most important nonmetallic minerals in the region in terms of reserves are deposits of graphite, talc, kaolin, and vermiculite (rock raw materials); barite, phosphorite, and glauconite (chemical raw materials); magnesite, quartzite, fluxing limestone, and furnace dolomite (metallurgical raw materials).
The discovery of mineral deposits at various times has resulted in the construction of a large number of processing facilities. More than 150 companies in the region are involved in working mineral deposits and processing the raw materials. The best known of these are the Magnitogorsk Iron and Steel Works (MMK and Chelyabinsk Iron and Steel Works (Mechel).
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