Olkon (Olenegorsk Mining and Processing Works, a part of Severstal) plans to invest 250 million rubles in 2016 into the modernization of its mining machinery.
In particular, the company wants to upgrade two of its dump trucks and two bulldozers.
The business development projects will result in the output increase. Olkon plans to increase mining at its Komsomolsky quarry by 7%. (Ukrainian metal)