NLMK will reduce its annual capital expenditures by 30-40% - to $ 550 million.

NLMK Group reduces the medium-term benchmark for investments over the next three years, from 2015 to 2017, to $ 550 million from the previous 800-900 million, the company informs.

In particular, NLMK has reduced investment in capacity expansion for the production of iron ore concentrate to $ 120 million from the previously planned $ 570 million.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer