Magnezit Group to invest over 15 bln rubles in development

CHELYABINSK. Oct 30 (Interfax) - Magnezit Group plans to invest at least 15 billion rubles in updating and building new production facilities in the next few years, the Russian refractories maker said in its sustainability report for 2022.

"As before, at least 20% of investments will be made to minimize environmental impact," the company said.

Investment in the group's comprehensive modernization program reached 34 billion rubles in 2023, Magnezit said.

Key projects planned at the group's Satka production sitet in Chelyabinsk Region in the period to 2030 include expanding underground mining at a cost of 2.4 billion rubles; overhauling refractory kilns at a cost of 4 billion rubles; building a new line at the Impulse complex for 2.3 billion rubles; and modernizing the Progress complex for 2.4 billion rubles.

At the Nizhne-Priangarsk production site in Razdolinsk, Krasnoyarsk Territory, in the period to 2030 the group plans to develop the Talskoye deposit at a cost of 4 billion rubles and build a fusing module for 1.6 billion rubles.

In Satka, where magnesite is mined at two open-pit mines and one deep mine, the group plans to fully complete open-pit mining by 2029.

The group is also drawing up plans to modernize the rotating kilns at the sintered powders facility in Satka. Two kilns have already been disassembled and the rest will be largely rebuilt. A design solution is in the works to introduce a new system that involves preliminary heating of feedstock prior to firing.

Magnezit Group is an integrated company that operates a full production-distribution cycle for fireproof products. The group includes production facilities that make fused magnesia, powders and other products, and testing, analytical and trading units.