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Metinvest plans to increase production of iron ore concentrate using computer vision

Mining industry / Ukraine
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The mining and metallurgical company plans to obtain an economic effect of about $ 120 million as a result of the digital transformation of mining and processing enterprises.

Metinvest plans to increase production of iron ore concentrate using computer vision

At the Ingulets GOK (InGOK) of the Dutch mining and metallurgical company Metinvest B.V. (Metinvest) has launched a project to use computer vision Visio Froth at the ROF-2 flotation section. It is planned that thanks to Visio Froth in 2022, the plant will be able to increase the volume of iron ore concentrate produced by 60 thousand tons per year using the same volume of ore as now.

“The use of new technologies allows you to quickly manage the process of concentrate production based on the results of analyzes of its samples. The work of the Visio Froth system will allow you to go to proactive control in real time, without waiting for the results of chemical analysis. Thanks to Visio Froth, we expect that in 2022 the plant will increase concentrate production by 60 thousand tons per year using the same volume of ore as now, ”said Alexander Gerasimchuk, General Director of InGOK.

Visio Froth is not the only digital project at the company's mining and processing plants. In 2021, the following initiatives will be implemented as pilot projects: Digital Quarry (InGOK) and Automation of Beneficiation Sections (SevGOK, InGOK).

Metinvest expects that the effect of the digital transformation of mining and processing enterprises will amount to about $ 120 million.

By the end of 2020, Metinvest ranked 45th in the list of the world's largest steel producers with a volume of 10.16 million tons, compared to 42nd place in 2017-19, when it produced 9.59, 9.37, respectively. and 9.58 million tons.

Metinvest B.V. consists of mining and metallurgical enterprises located in Ukraine, Europe and the USA and has a sales network covering all key world markets.

The main shareholders of Metinvest are Rinat Akhmetov's SCM group (71.24%) and Vadim Novinsky's Smart Holding (23.76%), jointly managing the company.

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