JSC Olcon is included into a mining division of Severstal Resource Ltd. Now "Severstal the Resource" — one of the largest producers of iron ore concentrate, pellets, the coked coal and gold in Russia.
JSC Olcon develops the fields of ferruterous quartzites of the Zaimandrovsky iron ore area located on the Kola Peninsula (Murmansk region). These fields are one of raw material resources of JSC Severstal. Now at plant extraction of ore is conducted on five pits and the underground mine. The total annual volume of extraction of ore is 14.5 million t. The capital technology equipment applied on open mining operations are EKG-10 excavators, the SBSh 250 MN drilling rigs, MT 3300 EXPERT BelAZ 75131 and 75145, Unit Rig dump trucks.
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