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17/02/2020
10:55
Karelian Okatysh approves 2020 investment program

Karelsky okatysh (operating as part of PAO Severstal) has approved the investment program for 2020 amounting to RUB 8.5 billion, the company informed.

The key projects will be aimed at ramping up production, improving product quality and taking care of the environment.

This year, Karelsky okatysh plans to increase production of rock mass, ore and pellet production. To that end, the company will purchase three 90-tonne dump trucks, two 220-tonne trucks, four track-type bulldozers and one wheeled bulldozer, as well as three front-end loaders.

Karelsky okatysh is operating as part of PAO Severstal. It supplies products to Cherepovets Integrated Iron & Steel Mill (another production asset of Severstal) and a number of Russian and foreign consumers.

PAO Severstal (LSE: SVST, tax number: 3528000597) is an international mining and metallurgical company focusing on high value added products.

The company has considerable experience of acquisitions and integrations of assets in North America and Europe. It also possesses mining enterprises in Russia providing the company's production assets with feed stock.

"AK&M", 13.02.2020 17:30

 

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