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Severstal’s mining assets form the basis of Severstal’s vertically integrated business model. Severstal Resources supplies almost all of the iron ore and coking coal required by Severstal’s steel business, while also selling some volumes to external customers both in Russia and abroad.
Strategic priorities for 2019
Severstal will invest approximately 30.9 billion rubles in its Resources division in 2019, of which 18.9 billion rubles will be invested in asset development.
One of the main investment areas within Severstal Resources is development of Yakovlevskiy mine which will receive investment of 8.3 billion rubles in 2019. This will allow the Company to upgrade its production capacity to 5 m tonnes.
Among other significant projects are construction of a conveyor for run-of-mine transportation at Tsentralniy pit, redesign of the boiler-house aimed at switching from oil to peat fuel, increasing pellet quality by introducing lime hydrate at Karelskiy Okatysh etc. Besides, the company will continue investing in restoring volumes at Vorkutaugol.
Severstal will continue to focus on safety and ecology in 2019 and boost its investments in these areas. The Company plans to invest a further 1.1 billion rubles into safety improvement measures (almost half of which will be invested into health and safety initiatives – including digital systems – at Vorkutaugol), and an additional 827 million rubles in environmental projects.
The Company will commit 5.7 billion rubles of investment capital to digital and IT projects focused on at further improving operational excellence and enhancing product quality and customer service.