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19 Jun
14:25

Severstal's Olkon to double iron ore capacity

Olkon, part of Russian steelmaker Severstal, will mine its iron ore reserves until 2040, according to the company’s development programme, in accordance with Severstal's updated strategy, the company announced on Wednesday. In 2027, Olkon, otherwise known as the Olenegorsk Mining and Processing Plant, plans to double its annual iron ore concentrate production and maintain this level through 2040, according to Severstal general director Alexander Shevelev…
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