OREANDA-NEWS. July 28, 2008. As a result of the large scale reconstruction financed by Mikhailovsky GOK (a subsidiary of Metalloinvest Holding Company) "Gorniak" Stadium became the one of the most modern sport complexes in Chernozem Region. The opening ceremony was held in Jeleznogorsk city on 18th of July 2008, reported the press-centre of Metalloinvest.

The implementation of this project was a result of intensive cooperation between Mikhailovsky GOK, Metalloinvest Holding, regional and municipal authorities. The reconstruction works included installation of the section for broad and high jumps, tennis-court, hockey playground, race-tracks, new chairs and stadium awning. The total reconstruction costs amount to 62 mln rubles.

The inauguration ceremony was opened by Mr. Andrey Varichev, Chairman of the Board of Directors of Mikhailovsky GOK and First Deputy General Director of Metalloinvest Management Company; Mr. Alexander Zubarev, Chairman of the Government of Kursk region and Mrs. Ekaterina Volkova, Jeleznogorsk city’s native and world’s champion in track and field athletics.

"The reconstruction project became an important part of the socio-economic partnership between Metalloinvest Holding, Kursk region’s and Jeleznogorsk’s authorities" - Mr. Andrey Varichev noticed.

"It is hard to overestimate the contribution of Mikhailovsky GOK to the socio-economic development of Kursk region. Today Mikhailovsky GOK is the Region’s main employer and taxpayer with a good operational performance and great economic potential. Continuous improvement of the Integrated works’ performance is entailed by the increase in the financing of social programs" - underlined A. Zubarev.

Chernozem region’s athletes were the first to test the renewed Stadium. "Gorniak’s infrastructure is now in line with all international standards" - remarked Mrs. Ekaterina Volkova.