Olcon

Olcon (Olenegorsk Mining and Processing Plant) — the northernmost producer of iron ore concentrate in Russia. It develops the deposits of the Zaimandrovsky iron ore region, located on the Kola Peninsula (Murmansk region) in the vicinity of Olenegorsk.

The plant is part of the mining division of PAO Severstal.

Olcon produces high-quality iron ore concentrate with an iron content of over 69%.

The major consumer of iron ore concentrate is the Cherepovets Steel Mill of PAO Severstal.

In 2020, Olcon supplied consumers with 4.408 million tonnes of iron ore concentrate. Understanding the importance of reproducing and maintaining its own mineral resource base and ensuring the stable operation of Olcon, the management of Severstal approved a strategic program for the long-term development of the plant.

In recent years, the plant has significantly updated the fleet of the main technological and other equipment at all stages, put new facilities into operation, performed a large amount of work as part of the project to introduce the Unified Standard of Social and Living Conditions.

Like production, the social sphere at Olcon has a priority status.

Over 1.9 thousand people work at the plant. The wages of employees in recent years have been constantly growing and are competitive. The company’s employees and non-working veterans are provided with a wide range of social benefits and guarantees. In order to ensure the social protection of personnel, programs of non-state pension provision and voluntary medical insurance are additionally implemented. The management of the plant pays great attention to supporting such socially significant areas as sports, culture, healthcare, and education.

Throughout its history, Olcon has changed significantly and is currently one of the leading sustainable industrial enterprises in the Murmansk oblast. Olcon annually makes significant tax payments to the budgets of all levels.

The key to overcoming difficulties and further effective development of the Olcon is its hard-working, well-coordinated work community of workers, specialists, highly professional, innovative and determined managers, who are sincerely interested in the prosperity of their native enterprise and the city of Olenegorsk.

Iron ore concentrate

Olcon is one of the first enterprises in the industry that has mastered the technology of deep enrichment of low-grade ferruginous quartzites under industrial conditions. The construction of the plant in 1949 marked the beginning of the creation of a metallurgical base for the ferrous metallurgy of the North-West of Russia. The first iron ore concentrate was obtained at the Olenegorsk Mining and Processing Plant on November 6, 1954.

Currently, the crushing and processing plant is supplied with ore from five active open pits and the Olenegorsk underground mine.

The iron ores of the Olenegorsk region determine the high quality indicators of iron ore concentrate: this is a low content of impurities (sulfur and phosphorus) and a relatively high size of the concentrate. Constant improvement of the enrichment technology of ferruginous quartzites has made it possible to reach a quality of over 68%. In winter, the concentrate is dried with a mass fraction of moisture up to 1.5%, in the summer period the concentrate is shipped with a mass fraction of moisture up to 8%.

Key indicators

4408

million tonnes

Iron ore concentrate produced in 2020

1920

people

Headcount in 2020

81.5

million rubles

Will be directed towards environmental activities in 2021

million rubles

Charity and coaching expence in 2020

>45

million rubles

Allocated for the fight against Covid 19 in the city of Olenegorsk in 2020

4.3

billion rubles

Olcon investment program in 2020

Company details

АО Olcon

184530, Russia, Murmansk region, Olenegorsk, Leningradsky prospect, building 2

INN 5108300030

RRC 424950001

BIN 1025100675610

Bank details:

ING Bank (Eurasia) CJSC, Moscow

BIC 044525222

C/c 30101810500000000222

A/c 40702810000001003099

Olcon

Olcon produces high-quality iron ore concentrate with an iron content of over 69%.

Iron ore concentrate

Key indicators

Company details

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