Home / Press Releases / Stoilensky GOK has started hot testing of equipment of the new section beneficiation

Stoilensky GOK has started hot testing of equipment of the new section beneficiation

Press Releases

Stoilensky, the international steel company NLMK Group has started hot testing of three new lines of equipment for the grinding of concentrate. The commissioning of the advanced enrichment will allow to 2021 to increase the amount of concentrate production from 17.5 million to 20 million tons a year of ore processing from 37 to
42 million tons.

the New section will work in one technological chain with three sections of the processing plant. Ore passing through the redistribution of medium-fine crushing using a roller press and high pressure, will flow into three vertical roller mill for further regrinding and enrichment, and then sent to a pelletizing plant to produce pellets or shipped to Novolipetsk.

"Choosing technologies for implementation on industrial sites, we orientirueshsya on performance, energy efficiency, and product quality. The installed equipment is characterized by low consumption of energy and grinding media, high reliability, little maintenance, which reduces operating costs by 30% and increase the iron content in the concentrate," - commented the Vice-President on investment projects NLMK Dmitry Sotnikov.

Investment in the project amounted to about 6 billion rubles. Overall, the cost of an integrated project to increase mining and processing of ore at the SGOK, which also includes the upgrade of existing sections of the beneficiation plant, transport infrastructure, waste treatment systems and procurement of transportation, will amount to 16 billion rubles.

the Commissioning of the beneficiation section is planned for June 2020.

about the company

NLMK Group is a vertically integrated steel company and Russia's largest and one of the world's most efficient producers of steel products.

NLMK's metal Products are used in various industries, from construction and engineering to power-generating equipment and offshore wind turbines.

the Production assets of NLMK are located in Russia, Europe and the USA. The production capacity of steel companies over 17 million tonnes a year.

NLMK has high competitiveness in cost among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue for 2019 amounted to 10.6 billion dollars, EBITDA – $ 2.6 billion. The ratio of Net Debt/EBITDA amounted to 0.7 H. the Company has a credit rating of investment grade from S&P, Moody's, Fitch and RAEX (Expert RA).

Ordinary shares of JSC "NLMK", free float which is 18.6%, are traded on the Moscow Stock Exchange (Ticker "NLMK"), global Depositary shares on the London stock exchange (Ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of 1 Russian ruble.

read More of stockholders ' equity NLMK can be found at the link.

for more information about NLMK Group, please visit.

Download photos and corporate video NLMK Group in Mediobanca the link.

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