The Stoilensky Mining and Processing Plant, known as Stoilensky GOK or SGOK, is a mid-sized iron ore mine in western Russia, near the border with Ukraine, approximately 490 kilometres south of Moscow. It is 100% owned by Russian steelmaker NLMK and primarily feeds their steel plant Lipetsk. A 6Mtpa pellet plant, the largest in Russia, is under construction at the mine and will be completed in 2016. Cash costs at the mine have halved since 2013 because of the depreciation of the rouble.
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This Iron Ore Metals Mine report provides a detailed analysis of the cost profile, geology, reserves and future production for this mine, as well as a detailed location map.
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Asset report | Aug 2016
Stoilensky GOK iron ore mine
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