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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“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
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—Anthony, Sir Eden (1897–1977)