Russia-based mining company Mechel has announced that it has shipped the first 4,000 mt batch of iron ore mined at its Sivaglinsky deposit.
The iron ore was shipped to Chelyabinsk Metallurgical Plant, also part of Mechel Group. In about three weeks this ore will be used in pig iron production.
The company plans to mine approximately 900,000 mt of high-quality ore at the Sivaglinsky deposit by the end of this year. Starting in 2024, mining is due to reach an annual 1.25 million mt of sinter ore.
In addition, Mechel will invest RUB 2.1 billion ($26.78 million) in developing the deposit, creating over 450 new jobs.
The Sivaglinsky iron ore deposit’s open-pit reserves are estimated at approximately 21 million mt of ore with iron content of 48.6-53.3 percent.