Metalloinvest Aims for Global Leadership in Iron Ore Product Quality

Metalloinvest a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, a Metal-Expo regular exhibitor unveiled plans to produce premium iron ore products at the 15th mining and geological forum MINEX. The comprehensive development programs taking place at Lebedinsky GOK and Mikhailovsky GOK aim to improve the quality characteristics of iron ore concentrate, pellets and hot briquetted iron, increasing production while reducing environmental impact, as well as boosting operational efficiency. Metalloinvest's anticipated investment in activities related to the construction and modernisation of production facilities at Mikhailovsky GOK and Lebedinsky GOK planned before the end of 2024 is estimated at 64bn roubles.

Mr Andrey Ugarov, First Deputy CEO, COO of Management Company Metalloinvest, commented that “Metalloinvest is striving for leadership in the metals and mining industry. Today we have a clear action plan that will ensure we achieve this ambitious goal. We will make a technological breakthrough our enterprises will become world leaders in the quality of pellets and HBI. Implementation of the development programmes at Lebedinsky GOK and Mikhailovsky GOK will open new sales markets for the Company, increase sales margins, and ensure the sustainable development of production with minimal environmental impact - both at Metalloinvest enterprises and among our customers.”

Construction of the crushing and conveyor facility at Mikhailovsky GOK continues on the south-eastern and north-eastern sides of the quarry. The first phase of Derrick Fine Screening Technology was launched at the beneficiation plant and implementation of the second phase of the project has begun with the construction of a new building for beneficiation of concentrate at the beneficiation plant using highly efficient equipment. In 2022, Mikhailovsky GOK will have produced approximately 16.9mn tonnes of high-quality concentrate, including 8.8mn tonnes of flotation concentrate with a 70% iron content.

Construction of the crushing and conveyor facility and the new building for beneficiation will enable the use of refractory ores with a high iron content in processing, as well as a reduction in overburden and production costs.

At Mikhailovsky GOK’s pelletising unit, pellet plants are being modernised to boost capacity, improve pellet quality and expand the production line of high-basicity pellets.

Metalloinvest welcomes all steel industry professionals to visit its stand at Metal-Expo'2019, the 25th Jubilee International Exhibition, November 12-15, Hall 75, VDNHa, Moscow, Russia. Stand N 1B20.

The total of more than 560 companies from 34 world countries will attend Metal-Expo’2019, while more than 30k steel industry professionals from all over the world are expected to visit the event.