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11 April 2014

Yuri Larin appointed General Director of Stoilensky

Yuri Larin, NLMK Group Vice President, Technology Development & Operational Efficiency and Member of the Management Board, has been appointed General Director of Stoilensky, one of the most efficient iron ore producers in the world.

Sergei Napolskikh has been appointed Deputy General Director, Production and Technology.

Yuri Larin played an active role in the development of Stoilensky’s programme aimed at increasing operational efficiency. Together with projects to construct the Pelletizing Plant, expand the mining pit, and the Company’s crushing and beneficiation capacities, it is part of NLMK Group’s “Strategy 2017” and a key goal for the new management of Stoilensky.

NLMK Group management wishes to thank Alexander Gorshkov for his many years of dedicated service as CEO of the company that has come to be recognized as a leader in the Russian mining industry.


Yuri Larin, Vice President, Technology Development & Operational Efficiency fr om 2013, and Member of the Management Board since 2006. From 2007 to 2013 he was Vice President for Prospective Development and Environment. From 2006 to 2007 he served as Vice President for Technical Development and Environment. Prior to that he was Director of the NLMK Engineering Centre from 1999 to 2006, and from 1996 to 1999 he worked as Deputy Director of NLMK’s Central Laboratory in charge of technology. Graduate of the Voronezh Polytechnic Institute. Ph.D., Tech.

Sergei Napolskikh was Managing Director of Kachkanarsky GOK from 2010 to 2014. From 2006 to 2010 he was Chief Engineer, Managing Director of Vysokogorsk Mining and Beneficiation Plant, wh ere he held various positions starting from 1984. He started his career in 1983 at the Abansk Coal Mine as a mining surveyor. He graduated from Moscow State Open University, specializing in “Mine surveying”. In 2009, he received the “Miner of Russia” golden award; and in 2013 he was honoured with the Urals Mining Award for his contribution to the development of mining in the Ural.

About Stoilensky

Stoilensky (part of NLMK Group) is one of the most efficient mining companies in Russia. It is ranked third in terms of iron ore production. In 2013, its share in Russia’s total iron ore production was over 15%. Ore is mined in an open pit. In 2013, Stoilensky produced 14 million tonnes of iron ore concentrate and 1.5 million tonnes of sinter ore. Utilization rate at the beneficiation capacities was 100%. Stoilensky has approximately 5 billion tonnes of reserves.

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About NLMK Group

NLMK Group is a vertically integrated steel company and Russia’s leading steel maker and manufacturer of rolled products with high added value. NLMK’s high-quality metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe, and the United States. The Company’s liquid steel production capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia. The Company generated US$ 10.9 billion in revenue, and EBITDA of US$ 1.5 billion in 2013.

NLMK’s ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS, ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI).