Re New Concentrator Facility

30 Dec 2005 09:18

OJSC Novolipetsk Steel30 December 2005 NLMK'S SUBSIDIARY, STOILENSKY GOK, PUTS INTO OPERATION ADDITIONAL CAPACITIES OF IRON ORE CONCENTRATE PRODUCTION Dec 30th, 2005 a new concentrator facility was put into operation at StoilenskyGOK, OJSC, a subsidiary of NLMK, which supplies substantially all of theCompany's iron ore concentrate. The construction began in May this year and wasfinished as scheduled. The total investment is 492 million rubles (USD17million), which agrees with the plans announced earlier. The implementation ofthis project provides for an increase in the annual production volume of ironore concentrate by Stoilensky GOK of around 800,000 t/y (8%) compared to 2004numbers. For further information, please contact: OJSC Novolipetsk Steel (NLMK) Anton Bazulev, Head of Moscow Office Tel: +7 495 411 7355info@nlmk.msk.ruwww.nlmksteel.com Financial Dynamics Jon Simmons +44 207 831 3113 END This information is provided by RNS The company news service from the London Stock Exchange