Presentation - Severstal
Presentation - Severstal
Presentation - Severstal
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Strong Mining Platform for Future Growth: Tyva Coal Project<br />
Project highlights:<br />
License:<br />
90km 2 , metallurgical coal deposit.<br />
Resource:<br />
Location:<br />
A+B+C 1 reserve estimate of 639 million<br />
tonnes of high quality grade “Zh” coking<br />
coal.<br />
The Republic of Tyva (Russia) on the<br />
border with Mongolia.<br />
Elegestskoe<br />
deposit<br />
Total CAPEX:<br />
Preliminary estimate $1.6-1.8 billion,<br />
plus railroad CAPEX up to ~ $1 billion.<br />
Centralniy deposit<br />
Potential production:<br />
Start of production: 2017 – 2018.<br />
Up to 10 million tonnes of coal concentrate<br />
per annum.<br />
Mezhegeyskoe<br />
deposit<br />
Current status and next steps:<br />
• Obtained exploration and mining license at the tender for $19.5 million.<br />
• Signed MoU to set up a consortium of OPK, Evraz and <strong>Severstal</strong> to develop the<br />
railroad infrastructure by 2014.<br />
• Drilling and feasibility study to be completed by approximately the end of 2013.<br />
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