Russia's Mechel plans to launch Sivaglinskoye iron ore project in Q4 2022
Time:Thu, 16 Sep 2021 07:39:15 +0800
keywords :
Mechel PAO, a Russian mining and steel company, has completed the design estimate and approval document required to develop the Sivaglinskoye iron ore deposit, and the pilot commercial development of this project was expected to start in the fourth quarter of 2022, with roughly 300,000-400,000 tons of blast furnace and sinter ores by the end of the year.
Mechel will invest around two billion rubles in this open-mining deposit by the end of 2022. The 2.2-square-kilometer Sivaglinskoye deposit has 21 million tons of estimated reserves of iron ore, with an average iron content of 48.6%-53.3%. By 2023, the deposit's annual production capacity will reach 1 million tons.
At present, the geological exploration surveys worth 385 million rubles have been completed, and the purchase of mining equipment is now undergoing.
