Kachkanarsky GOK (KGOK), subsidiary of Russian mining and steel group Evraz, plans to increase its iron ore production by 10 percent year on year in the current year to 55 million mt. In 2010, iron ore production at KGOK had also increased by 10 percent compared to 2009. The further modernization of KGOK will continue in parallel with the development of the Kachkanarsky iron ore field.
Meanwhile, in the next five years Evraz plans to invest around $290 million in the development of its mining subsidiary Evrazruda. The funds will be spent on reconstruction of existing mines and factories to increase their production capacity by 25 percent by 2015. In addition, a significant part of these funds will be invested in programs to improve the level of worker and environmental safety at Evrazruda's companies.