NLMK Group plans new metals and mining facility at Stoilensky plant

NLMK Group signed a memorandum of intent with the Belgorod Region and Russian Ministry of Industry and Trade to construct a new metals and mining facility at the Stoilensky Mining and Beneficiation plant, including expansion of the open-pit mine, new beneficiation capacities, a pelletizing plant, and an HBI shop. Investment is approximately 250 billion rubles, creating up to 1,300 jobs, with commissioning scheduled for 2027-2028.

“The project marks the beginning of NLMK Group’s planning process for its new strategic development stage, Strategy 2030.”nlmk.com

• 1 source
• nlmk.comNLMK Group, Belgorod Region administration and Russian Ministry of Industry and Trade sign MOI for new metals and mining projectJun 3, 2021

Summarized from public sources; check the original articles before acting on it.