TAKRAF and METALLOINVEST Ink Important IPCC System Agreements

TAKRAF’s significant experience and capabilities in the In-Pit Crushing & Conveying (IPCC) space has positioned the company as an important solutions provider to assist METALLOINVEST in expanding its Russian iron ore operations.

TAKRAF and Metallinvest Ink Important IPCC

TAKRAF has recently signed two important agreements to assist METALLOINVEST in expanding their Russian iron ore operations. These agreements were signed at the IMPC 2018-EXPO exhibition in Moscow by Andrey Varichev, CEO of Management Company METALLOINVEST, as well as Dr. Frank Hubrich, CEO of TAKRAF.

METALLOINVEST is a leading global iron ore and Hot Briquetted Iron (HBI) producer and supplier and has recently embarked on ambitious expansion projects at two of its mines, namely Lebedinsky GOK and Mikhailovsky GOK. The first agreement for the supply of an IPCC system at Lebedinsky GOK will expand the mine’s capacity to 55 million tons per annum (mtpa) and is scheduled for completion by the second quarter of 2020. The second agreement of intent to collaborate also concerns the supply of an IPCC system with the goal of expanding the Mikhailovsky GOK’s mine capacity to 35 mtpa and is scheduled for completion by the first quarter of 2022.

The expansion and efficiency improvements implemented at these mines will enable METALLOINVEST to continue to extract high quality and easily-beneficiated iron ore with a view to ensuring the long-term and sustainable production of required high-quality iron-ore concentrate. The capital and operational costs of a mine directly depend on the material’s transportation system and the implementation of an IPCC system at both mines allows for a substantial decrease in iron ore production and transport costs through significant efficiency improvements and the down-sizing of mine fleets.

Andrey Varichev, CEO of Management Company METALLOINVEST, had this to say of the important occasion: “These projects are both large scale and important investment projects that allow us to significantly boost the efficient development of iron ore deposits. These projects are part of comprehensive development programs at Lebedinsky GOK and Mikhailovsky GOK that aim to reduce operating costs, increase production volumes and improve production quality. We are confident that through the use of TAKRAF equipment, we can ensure the reliable and continuous operation of these IPCC systems and our mining operations.”

Dr. Hubrich also had the following to add: “We as TAKRAF are very pleased to have the opportunity to contribute with our experience and know-how to these two ground-breaking METALLOINVEST projects. We will provide proven technologies that are able to withstand the heavy-duty task and look forward to the implementation of the IPCC systems. They will contribute to significant reliability, efficiency and costs improvements ensuring the long-term sustainability of both these mines. Furthermore, and most importantly, we can assure that by employing mature maintenance solutions on our systems, we will increase levels of availability and safety.”

For further information regarding TAKRAF’s expertise in IPCC systems.