Nikolay-Pavdinsky Mining Company
Акционерное Общество Николае-Павдинскаго Горнаго Округа
Formed in 1912 with head office in Petrograd. Initial capital was 15,000,000 roubles in shares of 100 roubles. Capital was increased in 1917.
1912
Description
The company was founded 1912 with a capital of 15 million roubles, but its history goes back to the 18th century when copper was discovered in Pavda, Yekaterinburg (Ural Mountains). Upon the discovery of gold and platinum ore around 1912, the company built a smelter. As such, it was Russia’s first producer of platinum. Also, other rare metals were melted at the company installations. During the Soviet period, the firm was of strategic importance for the defense industry. The company is still active now and called the Ekaterinburg Factory for the Processing of Ferrous Metals. (source: Boone April 2022)