The Company’s Mining Segment comprises Lebedinsky GOK and Mikhailovsky GOK, the two largest iron ore mining and processing facilities (by production volume) in Russia*. The Company develops the world’s second-largest iron ore deposits, with proven iron ore reserves of around 13.9 billion tonnes according to JORC international classifications, which at current mining levels guarantees approximately 137 years of reserve life.
Metalloinvest is the leading producer of merchant HBI in the world, the second-largest producer of pellets, one of the leading producers of commercial iron ore in the world and the largest iron ore company in Russia and the CIS.
The Company is a global-scale producer of beneficiated iron ore products, processing the majority of its primary iron ore concentrate products into high added-value products, such as iron ore pellets and HBI/DRI. In 2019, Metalloinvest accounted for 39% of Russia’s iron ore concentrate and sintering ore output, 59% of iron ore pellets and 100% of HBI and metallised pellets.
Lebedinsky GOK and Mikhailovsky GOK develop deposits, which are located in one of the world’s largest iron ore basins. The Kursk Magnetic Anomaly mainly consists of magnetic ore with an average iron level of 34–39%.
* Source: Rudprom.