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Cherepovets Steel Mill to Increase Environmental Investments in 2012

ОАО Severstal announced that its Cherepovets Steel Mill plans to push up investments in environmental activities in 2012 to 1.25 billion rubles (more than US $42 million), about 57% more than last year.
 
Major projects include the construction of a new system for capturing fugitive emissions from the steelmaking process, which was announced in 2011. The investment, at a total cost of more than 3 billion rubles (US $96 million), is scheduled to be completed by the end of 2014.
 
In addition, effluent discharge outlet No. 8 and 9 is to be shut down in 2012.
 
Among major programs to be launched this year are an upgrade of gas cleaning of shaft furnace No. 1 in the steelmaking process as well as installation of a system for cleaning aspiration air in the sintering process.
 
A highly efficient production technology to be implemented at Severtar—a business unit that is under construction under an agreement with RÜTGERS Group—will employ Cherepovets Steel Mill coke and byproduct process.
 
A total of 17 projects for the minimization of environmental impact are planned for implementation at Cherepovets Steel Mill.
 
Andrei Lutsenko, Manufacturing Director and Chief Engineer, Division Severstal Russian Steel, said: “We work hard to reduce the environmental impact. Both air and water protection measures, and also projects for reducing industrial waste disposal are well under way. In 2012 through 2015, we are going to infuse almost RUR 11 billion in meeting those objectives.”
 
ОАО Severstal is one of the world’s leading vertically integrated steel and steel-related mining companies, with assets in Russia and the U.S., in Ukraine, Latvia, Poland, Italy, Liberia, and Brazil. Severstal’s gold business, Nordgold was established in 2007 and comprises mines and exploration projects in Russia, Kazakhstan, Burkina Faso, and Guinea. The company has 3 divisions: Severstal Resources, Severstal Russian Steel, and Severstal International.