Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal”, and the company’s management team visited production departments of the Yakovlevsky mine, and approved of next year’s business plan, while meeting employees of the plant.
The chairman and managers visited the central control room where the production management is located, as well as the new main ventilation system, the headframe No. 1 and the crushing and sizing plant.
The business plan of the plant includes an increase in ore production phased over several years. It is planned to increase this amount by more than 50% YoY, from 872 to 1.315 million tons of ore.
Alexey Mordashov said: “The main goal of production growth is to increase the plant’s self-sufficiency in iron ore raw materials. At the moment, Cherepovets Iron and Steel Works (the core asset of “Severstal”) consumes about 8 million tons of concentrate, of which 4 million tons are provided by our MPP in Olenegorsk. The rest is purchased at the market. The Yakovlevsky mine will potentially provide us with 100% self-sufficiency in that product”.
The majority of own resources for next year will be invested in equipment upgrade and capital mining operations. For example, six new LDH machines have already been purchased.
The Chairman of “Severstal” stressed that the plant would have to significantly increase its operational efficiency.
“We are starting to introduce “Business System” and other best practices regarding occupational safety, cost savings, procurements improvement and business administration into the mine. I believe that these measures will help the mine to achieve excellent results”, declared Alexey Mordashov. (MetalInfo/Ukrainian metal)
