Asset report

Karelsky Okatysh iron ore mine

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Report summary

Karelsky Okatysh is an open pit mine located in the Republic of Karelia, Russia, 30 kilometres east of the border with Finland. It is 100% owned by Severstal who uses more than half of the mine's production in its own steel mills. The mine is Russia's fourth-largest iron ore producer and largest pellets producer with annual pellet production of more than 10 million tonnes. Karelsky Okatysh is a low grade magnetite ore deposit with a raw ore grade of 24.0% Fe. The mine has benefited greatly from the depreciation of the rouble, which has halved its cash costs.

What's included

This report contains

  • Document

    Karelsky Okatysh iron ore mine

    PDF 258.02 KB

  • Document

    Karelsky Okatysh.xls

    XLS 224.00 KB

Table of contents

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

Tables and charts

This report includes 13 images and tables including:


  • Detail Map
  • Production: Image 1
  • Cash costs


  • Key facts: Table 1
  • Participation
  • Marketable reserves (at 01/01/2017)
  • Production
  • Operations
  • Infrastructure
  • Cash costs
  • Capital costs
  • Product quality
  • Economic assumptions

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