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Karelsky okatysh to invest RUB 8.4 billion in production in 2019

JSC Karelsky okatysh operating as part of PAO Severstal has approved this year's investment program amounting to RUB 8.4 billion, which is RUB 2.8 billion more than in 2018, the company informed.

Some of the money will be spent on two major strategic projects designed for several years. One of them is the construction of a conveyor ore transportation complex in the central open pit intended to transport the produced ore to handling facilities and overburden to waste piles using conveyors.

The second project is reconstruction of the central boiler house of Karelsky okatysh. Going forward, the boiler house is expected to be partly switched from fuel oil to alternative fuels. Implementation of this project will reduce the cost of heat production.

JSC Karelsky okatysh operating as part of PAO Severstal produced 11.13 million tonnes of iron-ore pellets in 2017. Its biggest consumer is Cherepovets Integrated Iron & Steel Mill (another production asset of Severstal). Karelsky okatysh also supplies products to a number of Russian and foreign consumers.

"AK&M", 08.02.2019 18:18


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