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The support ship will be used at the company's Solwara 1 gold, copper and silver project, off the coast of Papua Guinea, set to be the world's first commercial deep-sea mine.

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Russia has an upper-middle income mixed economy with state ownership in strategic areas of the economy. Market reforms in the 1990s privatized much of Russian industry and agriculture, with notable exceptions to this privatization occurring in the energy and defense-related sectors.

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Uralmash Machine-Building Corporation - is the leading heavy machine building company in Russia, manufacturing equipment for metallurgy, mining industry, etc. The company was created on the basis of Uralmashplant (Ekaterinburg) and a number of engineering companies in 2007.

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The leading copper producer in the Ural Mountain region—the Ural Mining and Metallurgical Company (UMMC)—controls a large number of mining and metallurgical enterprises in the Urals. The company was planning to develop its raw material base and to increase its output of copper in concentrate to 105,000 t in 2010 from 72,000 t in 2003.

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The mining company operates seven plants and five mines in Russia, with subsidiaries in Beijing, Singapore, Panama and Brazil, among others. The company's 2017 revenue was $2.76 billion, with a ...

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