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Gubkin | Russia | Britannica.com

Gubkin: Gubkin, city, Belgorod oblast (region), Russia. It was founded in the 1930s in connection with the development of the Kursk Magnetic Anomaly (KMA), one of the largest iron-ore mining basins in Russia. Gubkin is still an important iron-ore mining centre, with most of its ore mined by open-pit.

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Mining Segment

The Company's Mining Segment comprises Lebedinsky GOK and Mikhailovsky GOK, the two largest iron ore mining and processing facilities (by production volume) in Russia*. The Company develops the world's second-largest iron ore deposits, with proven iron ore reserves of around 14.4 billion tonnes according to...

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