NLMK Group, an international metallurgical company, the administration of the Belgorod region and the Ministry of Industry and Trade of Russia signed a memorandum of intent on a project to build a new mining and metallurgical production on the basis of Stoilensky GOK. The project, based on the use of the most modern and environmentally friendly technologies, includes the development of several production stages with the development of a new product for the company - hot briquetted iron (HBI).
The project involves the expansion of the existing open pit with an increase in ore production from 43 million tons up to 67 million tonnes per year, construction of new enrichment facilities with a total capacity of 10 million tonnes of concentrate, a pelletizing plant with a capacity of 9 million tonnes of pellets and a HBI production workshop with a capacity of 2.5 million tonnes.
taking into account the strictest environmental standards and using the best available technologies to minimize the impact of production on the environment: gas cleaning systems, a closed water circulation cycle, reuse of generated waste, conveyor transport in a quarry, etc.
During the project may 1,300 new high-tech jobs will be created. Investments will amount to about 250 billion rubles. The project is planned to be implemented in the period 2024-2027, commissioning in stages - in 2027-2028.
The Memorandum of Intent was signed by NLMK Group President Grigory Fedorishin, Acting Head of the Belgorod Region Vyacheslav Gladkov and Deputy Minister of Industry and Trade of Russia Viktor Yevtukhov.
“Hot briquetted iron is now in demand both in Russia and on the world market - CO2 emissions from steel production using this product are two times lower than the level of traditional technology. With the work on this project, NLMK Group begins planning a new stage of strategic development - Strategy 2030. High-tech, integrated, digital production with a low carbon and environmental footprint should enhance the company's competitive advantages, ”commented NLMK Group President Grigory Fedorishin.
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.
Steel products NLMK Group is 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 has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.
NLMK's common shares, which have a free-float of 20.7%, 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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