The investment program of Olenegorsk Mining and Processing Works for 2018 will exceed 1 billion rubles, on the level of 3 previous years.
According to the company statement, some 290 million rubles will be used to buy two new dump trucks and the front-end loader for the mining division.
114 million rubles will be spent to modernize the machinery of the crushing and grinding factory (replacement of two mills at the processing site), while the modernization of the crushing scheme of the third line will cost 90 million rubles.
The company also plans to move the ore warehouse closer to the processing line to decrease the transportation route by 1.7 km. This project will see 50 million rubles of investments. (Ukrainian metal)