Metalloinvest increased capital expenses by 24.5% up to $595 mln in 2014
Edited by Rhod Mackenzie / 2015-03-18 10:39:48
The capital costs of the largest iron ore producer in Europe and the CIS-countries Metalloinvest made up $595 million in 2014 (+24.5% y-o-y). The company reports.
A significant part of the capital expenditures (15.8%) fall on the construction of a roast machine No3 at the Mikhailovsky GOK. The completion of the project will allow Metalloinvest to increase the capacity on the output of pellet by 5 million tons a year.
