Annual report 2015

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Annual report 2015

Four success factors

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Business model

Metalloinvest — is an efficient mining company with full-cycle production: from iron ore mining and processing to production of high-quality steel for a variety of industrial consumers both in Russia and abroad.

The Company’s mining and processing plants develop the reserves of the unique Kursk Magnetic Anomaly, home to magnetite ores with an average iron content of 34–39%. The Company owns the world’s second-largest proven iron ore JORC1 reserves – about 14.2 billion tonnes, which guarantees approximately 150 years of operation at current production levels. The iron ore concentrate is mostly processed into products with high added value, such as pellets and HBI/DRI shipped to third-party consumers or further processed at the Company’s steel segment operations.

Metalloinvest’s metallurgical plants produce pig iron and steel products, including long steel, pipe and metal billets, bridge and bearing steel, rail track and casting billets.

The combination of iron ore mining, processing into high added-value products and manufacture of advanced steel products give the Company a strong competitive edge. The Company’s mining and processing facilities meet the needs of its steelmaking plants in iron ore and HBI/DRI.

Сo-ordination of operations and centralised marketing and sales functions ensure effective cost control and management of volatility risks in the feedstock and steel markets.

A diversified sales system enables the Company to adjust promptly to customer demands and benefit from developments in the domestic and international markets.

More details on global iron ore reserves


1 Company data calculated as at 31 December 2015 based on Mineral Expert’s Report by IMC Group Consulting Ltd. in 2010.

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