Russia: KSGOK output up in January-September 2019

In January-September Kimkano-Sutarsky Mining and Processing Works LLC produced 1.881 million tons of iron ore concentrate, up by 10.5% YoY. Because of unfavorable weather conditions the company had to decrease ore output by 21%, to 1.847 million tons. In Q3 concentrate manufacture dropped by 11.9%, to 618 thousand tons. 1.841 million tons of concentrate were…

Russia: KSGOK borrows $240 million from Gazprombank

Kimkano-Sutarsky Mining and Processing Works has signed an agreement with Gazprombank on borrowing $240 million for 8 years. The funds will be spent to develop the Sutarskoye deposit in the Jewish Autonomous Region with the design capacity of 3.2 million tons of iron ore concentrate per year. KSGOK is developing two deposits with the consolidated…

Russia: KSGOK sales up in H1 2018

In January-June Kimkano-Sutarsky Mining and Processing Works LLC received $69.9 million from the sale of iron ore concentrate, up by 38.5% YoY. In particular, sales to China reached $46.4 million. EBITDA grew by 43%, to 11.8 million. In 6 months KSGOK sold 1.046 million tons of concentrate. 1.084 million tons were produced, up by 56%.…

Russia: KSGOK produces 180 thousand tons of iron ore concentrate in January 2018

In January Kimkano-Sutarsky Mining and Processing Works LLC produced 180 thousand tons of iron ore concentrate. Last year the company produced 2 million tons of iron ore concentrate and this year expects to increase output to 3.2 million tons. KSGOK is a part of IRC ltd. It was created on the basis of Kimkanskoye and…