The Mechel PAO company has completed the approval certificate required for the Sivaglinskoye iron ore project. The trade pilot development of the project will begin in the fourth quarter of 2022. Commercial development will begin with approximately 300,000-400,000 tons of blast furnace and sintered ore.
The company reported that the company will invest about two billion rubles in mining deposits. The Sivaglinskoye deposit, which has an estimated iron ore reserve of 21 million tons, will have an annual production capacity of 1 million tons of deposits by 2023.
At present, geological exploration research worth 385 million rubles has been completed. The purchase of mining equipment is still ongoing.
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