Timir owns 4 licenses for the development of iron ore deposits located in Yakutia Republic (Sakha) in Russia, with total iron ore resources of 3.5 bnt for open-pit mining. Main shareholders are EVRAZ and ALROSA.
Currently Timir is realizing 1st stage of Tayozhnoye deposit development with mining volumes of 3 mtpa and reaching full capacity in 2017-2018.
After the successful realization of this project there are several options of iron ore concentrate, pellets and DRI production as well as Desovskoye, Tarynnakhskoye and Gorkitskoye deposits development.
Iron ore products will be shipped to EVRAZ steel plants and Chinese / South-East Asian markets.
Project is supported by federal and local Government.