The Russian steel producer Evraz Group (Evraz) has announced the start of the implementation of a new investment program at its subsidiary Kachkanarsky Ore Mining and Processing Enterprise (KGOK), directed at increasing its ore mining output and improving transportation.
In line with Evraz's investment program, by the end of 2008 KGOK is to acquire and put into production 16 items of new equipment, modernize its communication system and create new positions of employment. Most of the equipment has already been received and is in the process of being commissioned.
Moreover, in order to increase control of the ore output mining and transportation processes, a new Global Positioning System (GPS) is planned to be installed at KGOK.
As a result of the project, KGOK will be able to increase its iron ore mining output and transportation volume by 2.5 million mt per year.