Iron ore deposits
Iron ore belongs to the Holdingâ€™s priorities in the development of raw materials base. Our company invests significant financial resources into research and geological exploration of iron ore deposits in CIS and Middle East with the goal to build-up own iron ore assets.
Nowadays Michaeli Holdings develops iron ore deposits in Yakutia and Krasnoyarsk region of Russian Federation. In these areas the iron ore industry is still not advanced and other mining sectors prevail.
In Krasnoyarsk region our company works over the project of modernization of iron ore mining and processing plant.
Simultaneously with the projects in Krasnoyarsk region Michaeli Holdings explores iron ore deposits in Yakutia. Total reserves of the prospective deposits make up 300 m. tons by iron ore with the average Fe content of 36 %.