Asset Report

Karelsky Okatysh iron ore mine

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12 September 2018

Karelsky Okatysh iron ore mine

Report summary

Karelsky Okatysh is an open pit low grade (24% Fe) magnetite mine located in the Republic of Karelia, Russia, 30 k east of the border with Finland. It is 100% owned by Severstal. The mine is Russia's fourth-largest iron ore producer and largest pellets producer with annual pellet production of more than 11 million tonnes. Enhancements to the pelletising facilities has enabled Karelsky Okatysh to lift the Fe grade of about 30% of its pellets from 63.2% to 66%. Nearly all of the 66% Fe pellets are sold to Severstal's Cherepevots steel mill and the increased pellet grade has improved the efficiency and lowered the cost of hot metal production at this mill. The plants dry and wet magnetic seperation units have recently upgraded to increase the volume of ore processed and reduce energy consumption which should have a positive effect on costs. 

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
  • Production
  • Operations
  • Infrastructure
    • Cash costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:

  • Key facts: Table 1
  • Detail Map
  • Participation
  • Marketable reserves (at 01/01/2018)
  • Production
  • Production: Image 1
  • Operations
  • Infrastructure
  • Product quality
  • Economic assumptions
  • Costs: Table 1
  • Cash costs
  • Capital costs

What's included

This report contains:

  • Document

    Karelsky Okatysh iron ore mine

    PDF 794.60 KB

  • Document

    Karelsky Okatysh.xls

    XLS 225.50 KB