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03 Jun

NLMK will build HBI plant

NLMK Group is planning construction of a new iron ore mining and beneficiation complex producing hot briquetted iron (HBI) in Russia's western Belgorod region. A memorandum of intent (MOI) has been signed with the region's administration and the Ministry of Industry and Trade, the company says. The project, currently estimated to cost $3.4 billion, will cover the expansion of NLMK's existing open-pit iron ore mine hosting Stoilensky mining and ben…
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