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 339.78 KB

  • Document

    Karelsky Okatysh.xls

    XLS 224.00 KB

Table of contents

  • Key facts
  • Summary and 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:

Images

  • Detail Map
  • Production: Image 1
  • Cash costs

Tables

  • Key facts: Table 1
  • Participation
  • Marketable reserves (at 01/01/2016)
  • Production
  • Operations
  • Infrastructure
  • Cash costs
  • Capital costs
  • Product quality
  • Economic assumptions

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