Olkon has started developing the Central Quarry. The license was acquired in July 2019. The site is situated near other quarries already in development. The deposits amount to some 6.8 million tons of iron ore. This year it is planned to mine some 350 thousand tons of ore there. The development of the quarry will…
This year Olkon’s investment program will total 2.86 billion rubles. In particular, 1.4 billion rubles will be invested in projects to improve efficiency and develop manufacture, as well as increase iron ore concentrate quality. Some 1.46 billion rubles will be spent to maintain and replace main funds of the company, including to modernize mining and…
In 2019, Olkon produced 4.339 million tons of concentrate, up by 2.4% YoY. The growth was due to the increase of deliveries to Cherepovets Iron and Steel Works. Average iron content in concentrate reached 68.45%, an absolute record for the company, with the maximum reached in December 2019 – 68.81%. This year output volume is…
Olkon has commissioned its second EKG-15 excavator. The first machine has been operating at the Komsomolsky quarry since late June. The second will be operating at the Kirovogorsky quarry. It took the company 2 months to assemble the excavator. In early 2020 Olkon will put another EKG-12 excavator into operation at the Central quarry. (Ukrainian…
Severstal intends to decrease CO and CO2 (greenhouse gas) emissions by implementing a new technique to process iron ore concentrate at Olenegorsk Mining and Processing Works. The ecological effect will be reached by increasing the quality of the iron ore concentrate produced at Olkon. High iron content allows decreasing the usage of fluxes (limestone) in…
Olkon has purchased a license to develop the Pechegubskoye deposit. The reserves are estimated at 80 million tons of iron ore. “The purchase of the license is an important step for the development of the Olenegorsk GOK. We will start design work soon”, Olkon managing director Denis Golubichniy said. Additional prospecting work at the deposit…
Olkon has purchased a license to develop the Central site of the South-Kakhozerskoye deposit. The site is situated close to quarries already under development. The reserves of the site are some 6.8 million tons of ore. The work on the Central quarry will begin in 2020. Two dump trucks, an EKG-12 excavator and a drilling…
Olkon has finished assembling an EKG-15 excavator, the largest in its history. The machine will operate at the Komsomolsky quarry. The excavator weighs some 700 tons. It can fill a 136-ton dump truck with rock in just 4-5 ladles. Another machine will be received at the plant until the end of the year, and the…