Ukraine-based Machine-Building Corporation Uralmash (Uralmash) has announced the conclusion of an agreement for the delivery and installation of new equipment in the scope of the construction project for the calcining machine workshop No.3 at Mikhailovsky GOK (MGOK), the iron ore producing subsidiary of Russian steel producer Metalloinvest Holding (Metalloinvest). The total value of the contract amounts to Ruble 5 billion ($205 million)
The new calcining machine No.3 MOK-1-592m, with an annual production capacity of five million metric tons of pellets, will be delivered to MGOK within 23 months.