According to Russia & CIS Business & Financial Daily, Mr. Makhmudov will budget approximately 60 billion rubles in 2013 for investments. “We’re signing contracts for next year, and have started budgeting. The average copper prices will be around $8,000 a tonne in 2012. We’re hoping it stays at that level next year. We’re also planning […]

Ural Mining and Metallurgical Company Krasnobrodskaya-Koksovaya In 2011, RusBusinessNews reported that UMMC had commissioned a new coal processing factory. The factory is known as Krasnobrodskaya-Koksovaya. UMMC invested 3.3 billion rubles into the project. According to the article, the factory will process 3 million tons of coal each year.[21] Tyumen Steel Mill In July 2012, Metal […]

(reprinted with permission) Anatoly Ledovskikh has joined the board of directors at CJSC TransMashHolding after being selected by TMH’s parent company The Breakers Investments on Thursday. Ledovskikh is the former head of Russia’s Subsurface Resources Agency and will replaceLLC Volei Sports Service Chief Executive Yevgeny Smirnov, Interfax reports. The board’s other 10 members will continue […]

The following appears in Forbes magazine online: Iskander Makhmudov is the main owner of copper producer UGMK-Holding. He is also a shareholder in Transmashholding, Russia’s largest maker of locomotives and rail equipment (he partnered with state-owned Russian Railways and Alstom, the French machine-building giant). Born in Bukhara, Uzbekistan, Makhmudov lived in Tashkent; he graduated from […]

(reprinted with permission) One of Russia’s most prominent and civically involved industrialists, Iskander Makhmudov has contributed more than $1 billion to social, civic and philanthropic causes since 2001. During the period of Russian rebuilding and economic liberalization, or perestroika, Makhmudov helped lead the country’s transition into a free market, capitalist, wealth- and prosperity-producing economy. Born […]

Much like Bill & Melinda Gates, Mr. Makhmudov has given away a lot of his personal fortune. Mr. Makhmudov owns an ice arena in the city of Sochi, Russia, which will host the 2014 Winter Olympics. It was reported in February 2013 that he will give the arena to the Russian government, free of charge, […]

Mr. Makhmudov graduated from Tashkent University with a degree in Oriental Studies. After school, he worked for the Soviet military. He spent time in both Libya and Iraq during his time. After his military work, he entered the business world. His first job in business was with a company called the Trans-World Group (the largets […]