Contacts
Large resource base
Large resource base- Total iron ore reserves of all 4 deposits – 3.5 bnt (open-pit mining)
- Fe content 27%-38%
Low-cost production
Low-cost production - Competitive mining and processing costs
- Cheap gas for DRI/HBI production after the construction of the Power of Siberia pipeline by 2018
Access to infrastructure
Access to infrastructure- Tayozhnoye deposit has railway, auto road and electricity line in 5-7 km from the deposit
Proximity to Asia
Proximity to Asia - Timir is located at only 400 km to Chinese border and product can be shipped by railway
- Timir has the opportunity to use deep water port in Russian Far East and further ship to Asia
Government support
Government support- Timir has signed an Agreement with the government of Yakutia giving special 10-year tax regime
- Timir had committed government funding $30mn for railway station and transition station
Prominent local partners
Prominent local partners- EVRAZ and ALROSA are metals and mining companies with strong project execution practice and government relations
Development flexibility
Development flexibility- Tayozhnoye deposit has several development options – concentrate, pellets, DRI
- The other 3 deposits (Tayozhnoye, Desovskoye, Tarynnakhskoye) can also be developed in any structure