NLMK Group participates in international Metals & Mining Tech Fair
Sergey Napolskikh, General Director of Stoilensky Mining and Beneficiation Plant, and Sergey Kazantsev, NLMK Director for Digital Transformation, spoke about NLMK Group’s digital services at the Metals & Mining Tech Fair, an international conference organized by BCG and Forbes Russia.
NLMK executives presented the solutions that were introduced at Stoilensky in 2021.
A smart system for managing the beneficiation process was implemented at the beneficiation plant. This system analyzes the properties of the ore supplied for beneficiation and recommends the optimal mill operation modes.
In addition, Stoilensky is introducing digital solutions based on machine vision. One such service, for instance, enables stable raw material quality at the beneficiation plant, detecting ore fragments of the wrong size and sending them back for additional crushing.
Stoilensky has dozens of digital solutions in place: a digital inventory model for optimal mine development, a service to measure the volume of overburden using data from drones, online optimization of logistics and dispatching, etc.
NLMK Group’s Digital Transformation Programme currently includes hundreds of solutions. The Company has set up a digital ecosystem that ensures efficient teamwork, reliable products, knowledge accumulation, and a collaboration environment with over 30 partner companies, including through the creation of own platforms for joint development and machine learning.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded 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 RUB1. For more details on NLMK shareholder capital, please follow the link.
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