Business Daily Media

The Times

.

Metalloinvest invests RUB 52 billion in eco-efficient tailings storage facility at Lebedinsky GOK

MOSCOW, RUSSIA - Media OutReach - 31 March 2023 - Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, plans to invest RUB 52 billion to build an eco-efficient tailings storage facility at Lebedinsky GOK.



The use of advanced technologies will reduce the specific consumption of electricity by 25% and lower dust emissions by 90% while also reducing the operating costs involved in pumping tailings and returning water to the production process.

"What defines leadership in the mining and metals industry today is using not only advanced production technologies but also environmentally friendly technologies", said Metalloinvest CEO Nazim Efendiyev. "The construction of a new tailings storage facility signals a qualitative transition to a new level of environmental safety at LGOK."

All environmental requirements are being taken into account in the implementation of the project. Public hearings were held, and the project received positive reviews from the State Agency for Environmental Impact Assessment and the Main State Expert Review Board.

Plans for 2023 include the reconstruction of the thickening and circulating water supply system, site preparation for the tailings dam bed and the construction of bund walls, and preparation of the foundations for the main slurry pipelines. The construction of substations and a building for the preparation of reagents for water purification will also get under way.

The first start-up complex for the tailings dam is expected to begin operating in 2026. The project is expected to be fully operational by the end of 2028.

The new site will receive up to 20 million cubic metres of tailings annually.

Upon commissioning of the new tailings storage facility, the existing site will undergo reclamation.

Advanced technologies will be used to achieve a radical reduction in environmental impact. Anti-filtration screens will be installed at the bottom of the storage facility and the base of the dams to prevent the ingress of process water into the aquifers. Instruments will be used to monitor the condition of hydraulic structures. Protective dams up to 30 metres high will be built, with subsequent levels 5 metres high to be added later.

As part of the project, clarified water will be returned to the processing plant to be used in the production process.

The reconstruction of the thickening unit and the optimisation of the water-slurry system will enable a reduction in the specific consumption of electricity. Starting from 2026, the reconstruction of eight 50-metre and three 100-metre thickeners will reduce the operating costs involved in pumping tailings and returning water.

Hashtag: #Metalloinvest

The issuer is solely responsible for the content of this announcement.

About Metalloinvest

Metalloinvest is a leading metals and mining company, a world leader in proven iron ore reserves on a JORC-equivalent basis (15.4 billion tonnes). The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.

Ticker (Bloomberg): METIN RU; official website:

News from Asia

Montfort Boys Town Reinforces Malaysia’s TVET Talent Pipeline With 107 Skilled Graduates

MBT Strengthens Commitment To Empowering Neurodivergent Learners Through Inclusive Vocational TrainingSELANGOR, MALAYSIA - Media OutReach Newswire – 3 July 2026 – Montfort Boys Town has produced y...

HARRIS Hotel & Conventions Sunshine Penang Opens, Marking the Brand’s First Presence in Malaysia

The Ascott Limited introduces a vibrant integrated stay, events and lifestyle hotel within Sunshine Central, Ayer Itam.PENANG, MALAYSIA - Media OutReach Newswire - 3 July 2026 - HARRIS Hotel &...

Lawnova Returns to spoga+gafa with Second-Generation Robotic Mower Built for AI Boundary Setup-Free Navigation

COLOGNE, GERMANY - Media OutReach Newswire - 3 July 2026 - As spoga+gafa opens its doors in Cologne, Yosemite Robotics is returning to Europe with Lawnova, its own robotic mower brand, and a secon...

Southeast Asia’s First AIGC Creation Ecosystem Platform - Omirol Launched, Partnering with China’s V Valley Industrial Chain to Build a New China–Malaysia AI Landscape

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 3 July 2026 - The 2026 Malaysia AI Innovation and Development Exchange Forum and the launch of Omirol, Southeast Asia's first native AIGC creatio...

Kara Capital leads Japanese consortium into $454 million World Square Office Acquisition

SINGAPORE - Media OutReach Newswire - 3 July 2026 - Kara Capital is pleased to announce that it has successfully advised a consortium of Japanese corporate investors in connection with the ac...

Elm to Showcase Saudi Digital Transformation Model at LEAP East Hong Kong, Eyes APAC Collaboration

HONG KONG SAR - Media OutReach Newswire - 3 July 2026 - Saudi Arabia's Elm Company will take part in LEAP East Hong Kong 2026 as Business Solutions Partner, the company has announced, ahead of th...

THINKCAR Unveils Tyler as the Industry's First AI Diagnostic Agent at Global Distributors Conference

SHENZHEN, CHINA - Media OutReach Newswire - 3 July 2026 - The automotive aftermarket faces a technician shortage: only one candidate exists for every four open roles. Today, THINKCAR unveiled Tyle...

Stewardship Asia Centre Rebrands as Steward Leadership Institute, Marking a New Chapter in Its Mission to Build Purpose-Driven Leaders

The rebrand reflects the organisation's evolution from a convening platform to a fully-fledged institute equipping leaders to create lasting value for organisations, society, and the environment.SI...

VEC continues to expand its strategic partner ecosystem, completing an integrated value chain for international exhibitions and events in Vietnam

Vietnam Exposition Center (VEC) has signed strategic partnership agreements with leading organizations in the exhibition, trade promotion, and media sectors, including COEX, Chan Chao International...

Asia Pacific Logistics Markets Diverge Despite 47% Tenant-Favourable Conditions as Supply Constraints Begin to Shift Balance

Tenant-favorable markets in APAC expected to moderate as conditions tighten Supply-constrained markets - Australia, Japan and Singapore are seeing rising competition 54%...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...

For Midsize Companies, Global Payroll Systems Matter More to Business-Security Than You Think

When a midsize company expands across borders, its payroll operation becomes exponentially more complex. These organisations typically face a new ...