At Stoilensky GOK, an NLMK Group enterprise, the restoration of the conveyor gallery for ore supply, which collapsed on September 7, continues. According to preliminary estimates, the restoration work will take place until September 23, that is, it will take up to 15 days from the start of work.
Currently, dismantling and dismantling of metal structures is underway. More than 200 employees of SGOK, NLMK and contractors are involved in the construction site. The work is carried out around the clock. In parallel with dismantling, the company receives materials for restoration: cable products, metal structures, components. In the near future, an enlarged assembly of metal structures will begin.
During the forced shutdown, scheduled repairs on other redistributions of SGOK have been postponed, in particular, part of the overhaul of the pelletizing plant, which was planned for October. The optimization of repairs will reduce the volume of losses in concentrate production in 2020, as well as increase production in 2021.
NLMK, the main consumer of SGOK's products, is provided with iron ore during the restoration work thanks to its own reserves and external supplies. The incident will not have an impact on NLMK's steel and rolled products production. >
An employee of Stoilensky GOK and an employee of a contractor who received bruises from the collapse feel well and are at home on sick leave.
Information about NLMK Group
NLMK Group is a vertically integrated steel company, the largest in Russia and one of the most efficient steel producers in the world.
NLMK Group's steel 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, the company's profitability is one of the highest in the industry. The company's revenue in 2019 was $ 10.6 billion, EBITDA was $ 2.6 billion. The Net Debt /EBITDA ratio was 0.7x. 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 18.6%, 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.
For more information about NLMK Group, please visit the website.
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