Oriel Resources plc · London United Kingdom
| 1 Red Place | Phone: +44-20-7514-0590 |
| London | Fax: +44-20-7514-0591 |
| W1K 6PL | |
| United Kingdom |
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Company Description
Oriel Resources isn't into gold any longer, but it still likes shiny metals. The company -- formed in 2003 to explore for gold, silver, and nickel in Russia and Eastern Europe -- now operates the Voskhod chrome deposit, scheduled to begin production in mid-2008, in Kazakhstan. Chromite ore is used in the production of stainless steel (to make it harder and more corrosion resistant). Its other main properties are the Schevchenko nickel mine, also in Kazakhstan, and a ferrochrome smelter in Russia. It sold its gold properties in 2006. Two years later Russian steel giant Mechel, wanting to boost its ferroalloys holdings, bought Oriel for $1.5 billion and brought all its ferroalloy business under Oriel's umbrella.

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Financials
| Company Type | SubsidiaryHeadquarters |
|---|
| Fiscal Year-End | December |
|---|
| Employees | 6 |
|---|
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