Metalloinvest to Develop Green Steel Projects in Belgorod Region
Green SteelMetalloinvest

Metalloinvest to Develop Green Steel Projects in Belgorod Region

Metalloinvest and the Government of the Belgorod region signed an agreement around attracting investment for green metallurgy projects to help drive the

Metalloinvest and the Government of the Belgorod region signed an agreement around attracting investment for green metallurgy projects to help drive the sustainable socio-economic development of the region. As part of the agreement, Metalloinvest will invest over RUB 160 billion into the development of Lebedinsky GOK and Alexey Ugarov OEMK between 2021 and 2026. Metalloinvest CEO Mr Nazim Efendiev said “We are planning a record investment into the development of green metallurgy technologies. Lebedinsky GOK and OEMK will boast modernised and newly created facilities which will enable us to meet domestic and international demand for high quality iron ore and steel while also facilitating carbon footprint reduction. All investment projects will be implemented using the best available technologies with minimum environmental impact. More than 1,000 high-qualified jobs will be created.”

The agreement foresees the implementation of six investment projects at Metalloinvest’s enterprises in the Belgorod region

  1. Construction of the technological section of the beneficiation plant at Lebedinsky GOK to increase production of high-quality iron ore concentrate

  2. Construction of a flotation facility at Lebedinsky GOK for the beneficiation of iron ore concentrate

  3. Construction of Blast Furnace #5 at Lebedinsky GOK for premium pellet production

  4. Purchase of new equipment as part of the modernisation of the mining transportation division at Lebedinsky GOK

  5. Construction of a new tailings dump at Lebedinsky GOK to enable the storage of tailings through modern environmentally efficient technology, as well as significant dust reduction

  6. Comprehensive modernisation of DRI Plant #3, construction of Electric Arc Furnace #5 and Integrated Steel Processing Unit #4 at Alexey Ugarov OEMK to enable a reduction in production costs and environmental impact, and improve steel quality

The Government of the Belgorod region will assist Metalloinvest’s investment projects, including supporting efforts to raise funds for the construction and modernisation of external energy, transport, engineering and social infrastructure facilities.

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