Asset Report
Stoilensky GOK iron ore mine
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Report summary
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 6 Mtpa pellet plant, the largest in Russia was completed in 2016 and a quick ramp was achieved with 6 Mt produced in 2017. In recent years, the pellet output grew gradually to 6.7 Mt in 2020. The plant has the potential to increase output to 8 Mtpa and we have included these extra tonnes in our forecasts from 2023. In 2021, Stoilensky covers 97% of NLMK Group's pellet needs and 100% of NLMK Group's iron ore concentrate needs. The completion of the pellet plant brings NLMK's self sufficiency in pellets to 100%.
Table of contents
- Infrastructure
Tables and charts
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- Cash costs
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