In 2016 Ural Mining-Metallurgical Company plans to produce 350 thousand tons of copper, down by 10% YoY.
Copper content in ore is dwindling, even though ore mining remains the same – around 24-25 million tons.
The company expects the situation to improve in 2020-2021, when new capacities are put into operation and ore mining increases.
In 2015 the company produced 382 thousand tons of copper, with 196 thousand tons produced by RMK and 369 thousand tons by Nornickel.
In April RMK vice-president Maxim Schibrik said, the company expected a slight decrease in copper production – to 190-195 thousand tons. Nornickel would also decrease output to 342-352 thousand tons. (Ukrainian metal)