Metalloinvest to raise Lebedinsky GOK capacities by 250,000 tns

MOSCOW, Dec 4 (PRIME) -- Russian metals holding Metalloinvest has invested 2 billion rubles in an upgrade of the Lebedinsky GOK mining and processing plant that would expand the plant’s capacities by 250,000 tonnes of iron ore concentrate, the company said in a statement on Monday.

The company invested the money in new equipment and new technological solutions at the ninth production section of the plant.

“Metalloinvest continues implementation of the planned investment projects and is strengthening the position of a leading supplier of iron ore and metals products,” CEO Nazim Efendiyev said, as quoted by the company.

“The increase of capacities for production of the concentrate – the basic element in the production chain – lays the basis for further development of production capacities and creates additional opportunities for a flexible reaction to the partners’ requests.”

(89.7619 rubles – U.S. $1)

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