Stoilensky begins hot testing at new additional beneficiation section
Stoilensky Mining and Beneficiation Plant, part of NLMK Group, a global steel company, has started hot testing at three new concentrate grinding lines. The commissioning of the new additional beneficiation section will enable Stoilensky to increase its concentrate output from 17.5 million tonnes to 20 million tonnes per year and its ore processing capacity from 37 million tonnes to 42 million tonnes by 2021.
The new section will be integrated into a single process chain with three sections of the Beneficiation Plant. Having passed the medium to fine crushing stages and the high-pressure grinding rolls, ore will be fed into the three vertical mills for further crushing and beneficiation, before being supplied to the Pelletizing Plant for the production of pellets or being shipped to NLMK Lipetsk.
Dmitry Sotnikov, NLMK Vice President, Investment Projects, said:
“When selecting technologies to integrate at our production sites, we focus on productivity, energy efficiency, and production quality. The new equipment is characterized by low energy and grinding body consumption rates, high reliability, and a lower maintenance load, enabling a 30% cut in operational costs and an increase in concentrate Fe content.”
Investment in the project totalled about RUB 6 billion. The overall cost of the integrated project to increase ore mining and beneficiation capacities at Stoilensky, which also includes upgrading the existing beneficiation plant sections, the transport infrastructure, the waste management system, and transport procurement, will amount to RUB 16 billion.
Commissioning of the additional beneficiation section is scheduled for June 2020.
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 the most 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 18.6% 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.
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