Metalloinvest, a leading global producer of iron ore and hot briquetted iron based in Russia, has recently announced the launch of its second crushing and conveyor complex at Mikhailovsky GOK, located in the Kursk region. This significant development, highlighted in the company's press release, marks a major investment of RUB 10 billion, approximately $97.2 million. With this new complex, Mikhailovsky GOK aims to enhance its production capabilities, ultimately allowing for the extraction of up to 50 million metric tons of iron ore annually.
The newly constructed complex boasts an impressive capacity of 35 million metric tons of iron ore per year. It features four conveyor belts that span a total length of 2.4 kilometers, operating at a belt speed of 5.25 meters per second. This efficient system includes a crushing and handling unit, a loading and storage complex, an ore warehouse, a repair section, and a transformer substation. The full productivity of the complex is expected to be achieved in stages, with complete operational capacity projected for 2025.
Oleg Krestinin, the CEO of Metalloinvest, emphasized the strategic importance of this transition to conveyor transportation for iron ore. He stated that this new system is designed to reduce the environmental impact associated with iron ore production while simultaneously lowering the costs of iron ore concentrate. By optimizing the transportation scheme, the company will be able to process additional reserves of ore that have a high iron content, all without relying on traditional railway systems.
This initiative is not just a milestone for Metalloinvest but also represents a significant advancement for the Kursk region and the broader Russian mining and metallurgy industry. According to Anton Alikhanov, the Russian industry and trade minister, the complex signifies a new stage in development, highlighting the region's potential in contributing to national industrial growth. The investment is expected to create jobs and stimulate economic activity, further solidifying the area's role as a key player in the sector.
