Russia’s Evraz to invest 2 bln rbl in raising ore output

MOSCOW, Feb 2 (PRIME) -- Kachkanarsky ore processing plant, a unit of U.K. steel and mining giant Evraz, which operates mainly in Russia, plans to invest 2 billion rubles in increasing ore production at the Severny open-pit mine, the company said in a statement on Monday.

The project envisages transferring the mine to a car-railcar combined system of ore production, and it will be implemented in two stages. The first stage, under which special car equipment is to be bought, will be implemented until the end of the year, and the second stage is to be finished by 2018.

The new production system will increase annual ore production to 30 million tonnes from 25 million tonnes, which in its turn will allow the plant to develop the Gusevogorskoye field more intensively and keep the plant’s annual capacity of 57-58 million tonnes of ore.

(68.9291 rubles – U.S. $1)

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