UZTM KARTEX to Develop Mikhailovsky GO of Metalloinvest
Metalloinvest and UZTM-KARTEX have signed a cooperation agreement for the second phase of construction of the crushing and conveyer facility at Andrey
Varichev Mikhailovsky GOK. The agreement was signed during the official launch ceremony for the first phase of the crushing and conveyor facility, a steeply inclined conveyor on the south-eastern edge of the quarry. UZTM-KARTEX, comprising of Uralmashzavod and IZ-KARTEX which are among the largest producers of mining equipment, will serve as Metalloinvest’s supplier of equipment and technological solutions for the construction of an inclined conveyor with a capacity of 35 million tonnes of ore per year on the north-eastern edge of Mikhailovsky GOK’s open pit mine. As part of the project, UZTM-KARTEX's enterprises will construct a crushing and sorting facility, a stacker and conveyors of various types.
The second phase is scheduled to be completed in 2023. Metalloinvest's total investments in the two phases of the project will amount to approximately 11 billion roubles, including VAT.