Stoilensky GOK, the second largest producer of iron ore concentrate in Russia, has signed a contract with the Finnish company Outotec to develop a project to increase the installed capacity of the pelletizing plant by a third - from 6 to 8 million tonnes of pellets per year. The contract provides for the design, supply of main equipment and automation systems, and consultations with Outotec specialists during installation and commissioning.
The project is scheduled to be completed by the end of 2020.
“Increase in pelletizing plant capacity - the most important draft of Strategy 2022, aimed at providing 100% of NLMK's additional steel production with its own raw materials. To reach production of 8 million tons of pellets per year, SGOK needs to modernize several redistributions of the existing pelletizing plant. In particular, we plan to build a regrinding unit, apply a new filtration technology, reconstruct the gas-air flow diagram of the roasting machine, and update the complex of control systems using digital technologies, "commented Konstantin Lagutin, Vice President of NLMK Group for Investment Projects.
To provide the pelletizing plant with raw materials after it reaches the pellet production level of 8 million tons, it is also planned in 2019-2021. to increase the extraction and concentration of ore by 14% due to the modernization of other processing facilities of the Stoilensky GOK. This will allow the plant to increase the volume of ore processing from 37 to 42 million tons and concentrate production - from 17.4 million to 20 million tons per year.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient producers of steel products in the world.
NLMK Group metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, and the company's profitability is one of the highest in the industry. The company's revenue in 2018 amounted to $ 12 billion, EBITDA - $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which free-float is 16%, are traded on the Moscow Stock Exchange (ticker “NLMK "), Global depository shares - on the London Stock Exchange (ticker" NLMK: LI "). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.
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