Asset Report

Severstal coal mines

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17 December 2019

Severstal coal mines

Report summary

Severstal's subsidiary Vorkutaugol operates five underground mines and one surface mine in Russia’s Komi region. The mines produce high quality hard coking coal, most of which is supplied to Severstal’s Cherepovets plant. Severstal also has two greenfield coking coal projects in the Komi and Tyva regions of Russia. Both projects are currently in the early exploration stages. Wood Mackenzie’s asset reports are built from the bottom up, incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.

Table of contents

  • Summary
  • Key issues

Tables and charts

This report includes 16 images and tables including:

  • Detailed map - Vorkutaugol operations
  • Detailed map - Tyva project (Centralniy licence)
  • Participation
  • Geology
  • Marketable reserves* (at 01/01/2020)
  • Production and exports
  • Subsidiary summary 2019
  • Infrastructure
  • Cash costs 2019 (US$/tonne)
  • Project cash costs at peak production year (US$/tonne, real 2019)
  • Company average cash costs and margin
  • Cash costs
  • Capital costs (US$ million)
  • Product quality
  • Economic assumptions

What's included

This report contains:

  • Document


    XLS 262.00 KB

  • Document

    Severstal GEM report.xls

    XLS 583.50 KB

  • Document

    Severstal coal mines

    PDF 879.67 KB

  • Document

    Severstal coal mines

    ZIP 1.02 MB

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