Stoilensky launches new logistics scheme for open-pit mining
Stoilensky Mining and Beneficiation Plant, an NLMK Group company, has introduced a new hauling scheme at its open-pit mine. This large-scale project has enabled shortening the raw material hauling distance to the beneficiation facilities by 5 km (from 13 km to 8 km). In addition, it has opened up the promising northwestern mining direction.
Since the launch of the construction works in 2017, 60 infrastructural facilities were built: three railway stations, eight railway junctions, overpasses, power generation facilities, a road, rail tracks, railroad switches, overhead lines, central interlock and communication systems, etc.
By improving the throughput capacity of major railway nodes in the mine, the new logistics scheme will increase ore supplies to the primary crushing facility by 2% to approximately 140,000 tonnes per day.
The total cost of the project exceeded RUB 8 billion.
Sergey Napolskikh, head of the Mining Division and General Director of Stoilensky, said: “The launch of the new logistics scheme is a key milestone in Stoilensky’s development. This comprehensive project has enabled us to cut the costs of transporting raw materials from the open-pit mine, and to set up the infrastructure required for growing ore output in the future and to boost the overall productivity of the company, NLMK’s key raw material supplier.”
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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