Stoilensky expands ore processing and transportation capacity
Stoilensky, part of NLMK Group, a global steel company, has began construction of a new stage (Stage 3) of its thickening unit, a hydrotechnical facility that dewaters the slurry*, and thickens the solids, before transporting them to dedicated tailing pits. The separated water is recycled and returned into the process.
This project will enable Stoilensky to fully switch to a more efficient system of processing, transporting, and storing waste ore after beneficiation. The new thickening unit will also ensure the stability of beneficiation operations as production is ramped up in 2021. At the same time, specific water consumption and the tailings area will be reduced multifold.
Stage 3 of the project includes the construction of a radial thickener, the assembly of slurry pipelines, and overground process water piping, the installation of new pumps and other equipment in the pump station, and the deployment of additional networks for communication, power supply and data exchange, and an automated process control system.
Investment into Stage 3 of the thickening unit construction will total RUB 1.5 bn.
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 cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and 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"). 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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* Slurry is a a mixture of water and raw materials produced as a result of the beneficiation process.
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