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Company Profile
NewMetalloinvest MC LLC – Company Profile
Metalloinvest MC LLC (Metalloinvest) is an integrated metal and mining company. It produces iron ore and steel. The company is involved in producing Hot-briquetted iron (HBI), pellets and iron ore products. It operates Oskol Electrometallurgical Plant (OEMK), and Ural Scrap Company (USC). Metalloinvest also has two iron ore mining and processing facilities in Russia, which includes Lebedinsky GOK (LGOK) and Mikhailovsky GOK (MGOK). LGOK plant produces iron ore and raw materials with production facilities in Russia and CIS. The plant...
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Sector Analysis
Iron Ore Mining in Russia to 2020
Russia has substantial resources of copper, iron ore, gold, diamond, coal, nickel, vanadium, titanium sponge, tin, tungsten, potash, sulfur, silicon, rhenium and fluorspar. As of January 2015, it had the world’s third-largest crude iron ore reserves, with 25 billion tonnes (Bnt), accounting for 13.3% of the global total. Iron ore deposits are located mainly in the Ural region, Moscow (Tula region), North West Russia and Siberia.