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The Belgorod region is an industrial and agrarian area. Industry is represented by a big iron are mining and metallurgical complex producing about one third of Russian’s iron ore, a lot of steel, rolled products, as well as by some enterprises of machine- and instrument engineering, metal processing, chemical, medical, textile and food industries, sectors of construction and building materials. They export their products to more than 30 countries.
The region has a reliable mineral raw material base at its disposal. It possesses more than 40% of all iron ore reserves explored in Russia. Some deposits of bauxites, chalk, sand, clay and granite have been discovered and developed in the Belgorod region.
The iron ore mining and metallurgical complex of the region is represented by the Stoilensky and Lebedinsky plants using an open-pit mining method, the Kursk Magnetic Anomaly iron-ore mining basin using and underground mining method and the Oskol Electrometallurgical Plant.
The total production capacity of existing iron ore mining companies amounts to 27.3 million tons of ore concentrate and sintered ore. Currently construction work at the underground mine in Yakovlevo with production capacity of 4.5 million tons of iron ore is in a full swing.
Mechanical engineering and metal working are represented basically by two production groups: the first one provides its services for the iron ore mining and metallurgical complex of the Belgorod region (mining mechanical engineering and repair of the equipment) and the second one which was developed considerably during the previous years (chemical production, manufacture of boilers and various equipment, etc.).
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