Severstal
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Severstal headquartered in Cherepovets, is a vertically integrated steel and steel-related mining business with its major assets located in Russia and some investments in other countries.[1]
one of Russia’s largest producers of iron ore and coking coal.
History
The Company was founded in 1955 at the Cherepovets Steel Mill in Russia.[1]
The company has two iron ore mining complexes, Karelsky Okatysh and Olcon, a coking coal complex Vorkutaugol, a mine design institute SPb-Giproshakht in Russia, a coking coal complex PBS Coals in the US, and a number of greenfield projects outside of Russia.[2]
In 2014, in Vorkutaugol it mined 11.4 million tons of coal and had 297 million tons of coal reserves.[3] It operates the following coal mines:
- Vorgashorskaya Mine with 19 mt reserves
- Vorgutinskaya Mine with a production capacity of 1.8 mtpa and reserves of 40 mt
- Zapolyarnaya Mine
- Komsomolskaya Mine, the deepest mine in Russia at 1100 meters
- Yunyaginsky Mine with a production capacity of over 0.5 mtpa
and
- CEP Pechorskaya, a complex that processes over 7 million tons of coal into concentrate for steelmaking.
According to the Carbon Tracker report, "Unburnable Carbon - Are the world's financial markets carrying a carbon bubble?", Severstal has more estimated carbon reserves than any other company on the globe, estimated at 141.6 Gt of CO2.[4]
Climate Commitments
Subsidiaries
The following companies are fully or partially owned/operated under Severstal
- Steel plants
References
- ↑ 1.0 1.1 "About Company", Severstal website, accessed July 2022.
- ↑ "Severstal Resources: About Us," Severstal website, accessed July 2012.
- ↑ "Vorkutaugol" Severstal website, accessed 18/03/2021.
- ↑ "Unburnable Carbon - Are the world's financial markets carrying a carbon bubble?" 2011 Report.
External links
Wikipedia also has an article on Severstal. This article may use content from the Wikipedia article under the terms of the Creative Commons Attribution-ShareAlike 3.0 Unported License].
