EVRAZ has completed the next stage of a large-scale investment project for the reconstruction of the Tashtagol mine. Skip and cage lifting machines are being prepared for launch at the Siberian tower copra, commissioning and testing for design loads are being completed here. This is stated in the company's message.
Tunneling works are underway on the new horizon -350 m, the construction of an underground crushing chamber is at the final stage, the installation of a locomotive and wagon depot is underway. The ore will be lifted along the restored Siberian trunk. It is planned that the first tons of raw materials will go through it in March 2023. A conveyor gallery has already been built, through which raw ore from the trunk will be delivered to the crushing and processing plant of the mine.
In parallel, environmental works are being carried out within the framework of the project to modernize the mine water treatment plant. New equipment will be installed here, which will purify water to standard values.
At the stage of construction and installation works there is a new administrative and household complex. Also, a waiting room will be built on the site before employees leave for the facilities.
The investment project for the reconstruction of the Tashtagol mine has been implemented since 2019. EVRAZ intends to fully complete the reconstruction in the third quarter of 2023. Investments in the project will amount to more than 10 billion rubles.
Currently, ore mining is carried out at three sites: South-East, East and North-West. The primary concentrate of the Tashtagol mine enters the Abagur processing plant and after secondary enrichment is sent to EVRAZ ZSMK.
EVRAZ is a vertically integrated metallurgical and mining company with assets in Russia, Kazakhstan, the USA, Canada and the Czech Republic. The company is among the largest steel producers in the world in terms of production volumes. Its own base of iron ore and coking coal almost completely meets the internal needs of the company.
EVRAZ's net profit for the first half of 2022 decreased by 99.5% to $6 million from $1.2 billion a year earlier. Revenue increased by 31% to $8.1 billion from $6.18 billion, EBITDA increased by 19.4% to $2.48 billion from $2.08 billion.
