Metalloinvest has continued implementing its project to modernize Pellet Plant No. 3 (PP-3) at Mikhailovsky GOK. The first stage of modernization was carried out on PP-3’s operational design in order to increase the efficiency of pellet production from mixes of iron ore concentrates from Mikhailovsky GOK and Lebedinsky GOK. As a result, PP-3’s productivity grew…
The gas supplies to the Mikhailovsky Mining and Processing Works have been suspended following an accident at the gas pipeline in Kursk region. This is the fifth accident on Gazprom pipelines since the start of the year. Because of the accident MGOK has suspended the manufacture of pellets. (Ukrainian metal)
Metalloinvest has started implementing the technique of fine screening at Mikhailovsky Mining and Processing Works. The use of new Derrick screens will improve the quality of the concentrate by increasing iron contents from 65% to 67%, while decreasing the content of silicon dioxide. Investments in the project by the end of 2022 are estimated at…
Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts. The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK. USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)
Mikhailovsky Mining and Processing Works has become the winner of the MMK supplier competition in the category of iron ore pellets. “The main criteria of the competition are the quality of the products, their demand, as well as the innovative and scientific-technical component”, MGOK commercial director Ivan Buyanov said. “The iron ore raw materials purchased…
Mikhailovsky Mining and Processing Works has received a new track-laying crane. The machine was purchased within the Metalloinvest investment program to replace machinery and improve manufacturing efficiency. The new crane with the lifting capacity of 21.5 tons is capable of laying railing with the length of up to 25 meters. This purchase is very important…
In 2017 Mikhailovsky Mining and Processing Works increased net profit by 80% YoY, to 27.09 billion rubles. Revenue exceeded 78.73 billion rubles, up by 37% YoY. Sales profit grew by 66%, to 34 billion rubles. (Ukrainian metal)
Russian metals holding Metalloinvest has launched a 1.3-billion ruble concentrate intake facility with a capacity of 3.2 million tons at the Mikhailovsky GOK ore mining and dressing plant, the company said in a statement. The facility takes and unloads iron ore concentrate from the Lebedinsky GOK plant and passes it to production units of the…