Iron ore resources at Severstal's Putu iron ore deposit rise to 4.4 billion mt

Russia-based Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, has announced that an independent resource report has increased estimates of iron ore resources at its Putu iron ore deposit in Liberia, Africa to 4.4 billion mt within the optimized pit shell, with an average 34 percent iron grade. This represents a marked increase from one year ago when an independent report estimated Putu to have iron ore resources of up to 3.2 million mt. Severstal indirectly holds a 100 percent interest in Putu Iron Ore Mining Ltd (PIOM).