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Annual Report 2017
Printed, interactive and video version of the Annual Report 2017Key Performance Indicators
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Social Responsibility Policy, Approach and Principles
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Metalloinvest is a leading global producer and supplier of HBI and iron ore products, and a regional producer of high quality steel.
Metalloinvest extracts iron ore from the second largest measured iron ore reserve base in the world with approximately 14.1 billion tonnes of proven and probable reserves on a JORC (IMC Montan) equivalent basis and about 140 years of reserve life.
The Company is:
- the world leading producer of merchant HBI,
- the second largest producer of pellets,
- the largest iron ore company in Russia and the CIS,
- producer of high quality steel.
The Company is a global producer of HBI and processes a large proportion of its iron ore into high added value products, such as pellets and HBI/DRI.
According to the Company’s data, share of Metalloinvest on the Russian market in 2016 accounted for 39% for iron ore concentrate and sintering ore, 59% for pellets and 100% for HBI/DRI. The Company is also a leading regional producer of niche steel products.
Metalloinvest comprises of leading iron ore production facilities in Russia – Lebedinsky GOK and Mikhailovsky GOK; steel mills – Oskol Elektrometallurgical Plant and Ural Steel; a ferrous scrap enterprise – Ural Scrap Company.
Metalloinvest’s sales and marketing operations are centralised. The managing company coordinates the Company’s operations in the market, their production policy and external shipments, thereby achieving synergies and increasing the efficiency of production.
The Company strives to maintain a favourable social environment in the regions wh ere it is present and at each of its plants. Metalloinvest provides stable employment for more than 62 thousand employees and assists in solving actual problems in the regions wh ere it operates. The primary principle of the Company's social policy are outlined in the Corporate Social Responsibility and Charity Policy.