Olkon AO (Russia)

Open Joint Stock Company "Olenegorsky GOK" JSC ("Alcon") is developing a deposit of ferruginous quartzites Zaimandrovskogo iron district, located on the Kola Peninsula (Murmansk region). In the vicinity of Olenegorsk. These deposits are one of the natural resources of the world's largest steel and mining company OAO "Severstal", which includes three divisions: "Severstal Russian Steel", "Severstal International," "Financial Reports". JSC "Alcon" is included in the mining division of JSC "Severstal Resources." At the present time, "Financial Reports" - one of the largest producers of iron ore, pellets, coking coal and gold in Russia. Olenegorsky mine produces high-quality iron ore concentrate with iron content of 65.7%, strontium ferrite powders, crushed stone for construction purposes and ballasting railroads. The main consumer of iron ore is the Cherepovets Metallurgical Plant OAO "Severstal". In 2010, the GOK Olenegorsky consumers put 4.2 million tons of iron ore concentrate. Other products manufactured by the Works shall be sent to industrial enterprises in Russia and exported to CIS countries."