Mechel’s Yakut deposit to double iron ore shipments
Since the beginning of this year, the Sivaglin iron ore deposit in Yakutia has shipped 520 thousand tons of ore. It is expected that by the end of 2024, the enterprise’s productivity will reach 925 thousand tons – twice as much as in 2023, when 450 thousand tons of ore were shipped, according to a message from the press center of Yakutia.
Yakutsk Ore Company has been mining at the Sivaglin deposit since April last year. The extracted iron ore does not need enrichment; it is immediately processed in a crushing and sorting complex. Finished products are sent to metallurgical enterprises.
Mechel has invested about 2.5 billion rubles in the development of production capacities and related infrastructure of the Yakut asset, the government of the republic reports. The investment project for the development of the deposit is included in the South Yakutia priority development area.
When the Sivaglinskoye deposit reaches its maximum capacity, it is planned to extract 1.25 million tons of ore annually. This is the first large-scale project for the extraction of iron ore in Yakutia. About 21 million tons of ore with an average iron content of 48.6-53.3% are available for open-pit mining.