First Iron Group plc is a Jersey-registered mineral assets development and management company with significant iron ore assets in Russia’s Kurgan region. The Company holds two exploration / production licences - Petrovskoe and Glubochenskoe South situated on the Russian side of the prospective Valerianov iron ore belt, close to established infrastructure including electricity and the Trans-Siberian railway, providing direct transport access to the Russian and Chinese markets. The Company intends to implement a 3 stage development plan to produce 62.3% Fe concentrate with total volumes of 4.5 Mtpa in stage 1, and 9.5 Mtpa in stage 2, potentially adding an additional 5-10 Mtpa of production capacities in stage 3.
- First Iron plans to comply with both local and international environmental and social standards
- First Iron strives to achieve high levels in health and safety and high quality practices in the international mining industry
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Potential strong local demand
First Iron's projects are located close to the Ural region's steel mills. This region is already short of local supply and is therefore dependent on imported raw material, creating the potential for strong demand for local supply. The directors of First Iron intend to...
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To capitalise on its first mover advantage in the Kurgan region, in close proximity to the Ural regions steel industry, and to become a major domestic iron ore producer supplying both to local Russian and international markets...
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Sustainable development
Key Strengths
Strategy
