Russian mining and steelmaking company EVRAZ group announced the beginning of the upgrade at the Tashtagol iron ore mine. The project is aimed at enhancing the company’s self-sufficiency in raw materials by increasing the iron ore production from 2.2 million mt per year to 3.25 million mt per year. The company is planning to invest RUB 6.8 billion ($102 million) into the project.
EVRAZ expects to be operating the renewed mine by the second half of 2019.