Asset Report
Stoilensky 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
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
This report includes the following images and tables:
- Cash costs
- Cash costs
- Product quality
- Economic assumptions
What's included
This report contains:
Other reports you may be interested in
Asset Report
Lebedinsky GOK iron ore mine
HBI production at Lebedinsky GOK's HBI-3 has exceeded full capacity, producing 4.6 Mt in both the last three years.
$2,250
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
Anshan-benxi region iron ore mine
Anshan-benxi region has the largest iron ore reserve in China. The region is positioned in the first half of our China cost curve.
$2,250
