METALLOINVEST is one of the largest iron ore and HBI producers and suppliers in the world. The company’s proven iron ore reserves according to JORC comprise 14.9 billion tones. In 2010, according to CRU Group, the company was: The company is a leading producer of beneficiated iron ore products, processing the majority of its primary iron ore concentrate production into value-added products, such as high-grade iron ore concentrate, iron ore pellets and HBI/DRI. The company also produces niche steel products. From 1999 till 2006, METALOINVEST’s shareholders consolidated the... company’s major assets - Oskol Elektrometallurgical Plant , Lebedinsky Mining and Processing Plant , Ural Steel, and Mikhailovsky GOK - through a series of mergers and acquisitions. In 2008, Joint Stock Company Gazmetall, which controlled the assets, was renamed into Joint Stock Company «Holding Company «METALLOINVEST». In 2000, the first facility for producing hot briquetted iron started operation at Lebedinsky GOK. Two years later a new steel-rolling mill-350 was put into operation at OEMK. Construction of HBI plant-2 at Lebedinsky GOK started in 2005.
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