The NCSP group and Metalloinvest have signed a memorandum of intent to build an iron ore and pig iron export terminal at the port of Novorossirisk. This will have a capacity of 10 million tonnes annually and be rail-linked.

It will almost certainly occupy an area currently operated by Novorossirisk Shipyard, which is also part of the NCSP group. It is slated to commence operations in 2015–2018.

Metalloinvest says it will use the facility to export iron ore pellets, hot bracketed iron and cast iron two countries in the Mediterranean, North Africa, the Middle East, and the Asia-Pacific region.