Russian Metalloinvest to invest $2 billion in development of «green» metallurgy in 2021-2026

Photo: Metalloinvest

Metalloinvest, a leading Russian mining and metallurgy company, will invest RUB 160 billio (US$2,19 billion) in the development of «green» metallurgy during the period of 2021-2026, according to recent statements, made by the company and some local media reports.


As part of the project, the majority of funds will be invested in the development of Lebedinsky mining and processing complex and Oskol Metallurgical Combine.


Nazim Efendiev, CEO of Metalloinvest, comments:



“We are planning a record amount of investments in the development of green metallurgy technologies. Lebedinsky GOK and OEMK in the Belgorod region will be modernized that will meet the needs of the Russian and world markets for high-quality products that help reduce the carbon footprint. All investment projects will be implemented using the best available technologies with minimal environmental impact. More than 1,000 jobs will be created.”


Under the terms of the project, the company plans the construction of a technological section of the LGOK processing plant to increase the production of high-quality iron ore concentrate, the construction of a flotation unit at LGOK for the processing of concentrate.

By: Eugen Gerden