Stoilensky improves safety in its open-pit mine
The open-pit mine of Stoilensky, the second largest producer of iron ore concentrate in Russia, has launched a pilot project to implement a personnel positioning system. The system will improve the safety of open pit mining, as it will enable timely response to emergency situations through monitoring and analyzing the personnel's actions and equipment operation.
The system locates workers in the mine in real time, automatically sets targets for the shift and monitors the employees’ progress against these targets. It also warns the operator if employees find themselves in a hazardous area or close by, or if process parameters or operating environment are not observed.
Sergey Napolskikh, Stoilensky’s General Director, said:
“Stoilensky has become one of the pioneers in the implementation of the positioning system in open pit mining. At present, the system has been launched at two sites of the Mine Administration, and in the future it will cover all structural units that work in Stoilensky's open pit”.
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 16% 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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