Olkon JSC (Olenegorsk Mining and Processing Plant, part of Severstal ) has launched an investment project to develop the Olenegorsk iron ore deposit, the company's press service said. "The project budget exceeds 5 billion rubles," Olkon General Director Nikolai Seleznev was quoted as saying. The investment plan involves open-pit mining until 2044-2045, transitioning to underground operations thereafter. Development requires relocating existing infrastructure including water pipelines, slurry ...

A total of 5.1 million tons of iron ore was exported from January to April 2025. Including 2.9 million tons shipped in the eastern direction (+22.3%), 1.3 million tons in the southern direction (+7.9%), and 921.4 thousand tons in the western direction (+18.2%). The leading regions in terms of export loading volume are: - Belgorod Region (1.4 million tons) - Transbaikal Territory (1.2 mln tons) - Jewish Autonomous Region (919.6 thousand tons) Subscription to news

“Iron ore loading for export via the Russian Railways network increased by 13.3%. A total of 3.7 million tons of iron ore was loaded for export in the first quarter of 2025,” the press service of RZD reported. Including 2.1 million tons shipped in the eastern direction (+20.5%), 706.8 thousand tons shipped in the western direction (+9.6%), and 907 thousand tons shipped in the southern direction (+2.1%), the report said. The leading regions by volume of loading for export: - Belgorod region (1.1 ...