Asset Report
Lebedinsky GOK iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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. In October 2021, LGOK signed a contract with Primetals and Midrex for the construction of the new HBI-4 plant with a capacity of 2.08 Mtpa, which was due for commissioning in 2025. 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
- Emissions
Tables and charts
This report includes the following images and tables:
-
Lebedinsky GOK Emission Intensity Quartile Ranking - total global production - tonnes of oreDetail mapParticipation
-
Marketable reservesProductionProductionOperationsInfrastructureCash costCash costCapital costsProduct quality
- 1 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Asset Report
Mikhailovsky GOK iron ore mine
Upgrades at MGOK has enabled pellet capacity to expand to 14 Mtpa and there is potential for further increases in pellet production.
$2,250
Asset Report
Stoilensky GOK iron ore mine
Stoilensky commissioned a 6 Mtpa pellet plant in 2016, the largest in Russia at the time.
$2,250
Asset Report
Kryvyi Rih surface iron ore mine
Most of Kryvyi Rih's concentrate is supplied to Arcelor Mittal's nearby steel plant so it is not exposed to large rail tariff increases.
$2,250
