Picture as of July 2013.
FPM exploits the Gorishne-Plavninskoye and Lavrikovskoye (‘GPL’) deposits. As of 1 January 2015, the GPL deposits had iron ore resources of 3.5 billion tonnes, of which approximately 778 million tonnes were proved and probable reserves with an average iron content of 30% under the JORC Code.
The mine is adjacent to rail and port facilities on the Dnieper River. FPM operates a traditional shovel and truck open pit mining operation extracting approximately 30 million tonnes per annum of crude ore. This mine has operated successfully for over 40 years without any significant disruptions or delays in production.
Ferrexpo Poltava Mining Pit
- Current mining operations, at the Ferrexpo Poltava Mining Pit, incorporate two of the 10 deposits
- The pit is over 350 meters deep, approximately the same height as the China World Trade Centre in Bejing
- Approximately 30 million tonnes of crude ore are excavated per annum
- 24 year mine life until 2038
Seven kilometeres long