The Russian olenegorsk Mining and Processing Plant (olkon), part of the Russian metallurgists group Severstal, has completed the construction of new infrastructure at the Pechegubsky deposit, which became an important milestone in the long-term investment strategy to expand iron ore production capacity, reports Severstal
Investment milestone for Severstal's mining division
olkon has completed and successfully passed the final inspection of new infrastructure facilities built at the Pechegubsky iron ore deposit, a key project in Severstal's mining portfolio. “One of our main priorities is to expand iron ore concentrate production by 2027 and maintain it until 2040 with the support of three large open-pit mines, including Pechegubskoye,” said Nikolai Seleznev, CEO of olkon.
Information on completed facilities
The project includes itself a maintenance and repair building and an administrative and amenity complex, both completed in one year and nine months at a cost of more than 1.8 billion RUBLES. According to the head of the olkon investment department, Yuri Teslenko, the new facilities are fully equipped with modern supply and exhaust ventilation, automatic fire extinguishing and smoke removal systems, and water purification technology. The site is self-sufficient in terms of heat, water and electricity, ensuring operational stability in harsh winter conditions.
Advanced technical infrastructure
Maintenance and repair 4000 square meters
