Asset Report
Lebedinsky GOK iron ore mine
Report summary
Lebedinsky GOK (LGOK) is the largest iron ore mine in Russia, and is located at Gubkin, about 650km south of Moscow. It is 100% owned by Russian steelmaker Metalloinvest and is the only hot briquetted iron (HBI) producer in Russia. Metalloinvest's HBI-3 plant at Lebedinsky GOK was launched in July 2017 and has boosted the company's HBI production capacity to 4.6 Mtpa. Despite the high cost to turn the ore into HBI and its currently small demand globally, it is an extremely high margin business and we expect it will continue to be for Metalloinvest.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes 12 images and tables including:
- Detail map
- Participation
- Marketable reserves (at 01/01/2021)
- Production
- Production
- Operations
- Infrastructure
- Cash cost
- Cash cost
- Capital costs
- Product quality
- Economic assumptions
What's included
This report contains:
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